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All told, Thomson Reuters GFMS is predicting at least a 700,000-ounce physical platinum deficit this year. It projects that platinum will pass $1,700 per ounce by the end of 2014, a 18% increase from today's price.
There are 350 million ounces of platinum per 1 km of vertical mining depth. Assuming that mining at the depth of two kilometers is straightforward, because there are other platinum mines operating at more than two-kilometer depth, there are at least 700 million ounces of platinum that can be mined in BIC.