Fundamentally this is due to a number of factors:
Reason #1: Supply is dropping mainly in Russia and South Africa
~ Impala is cutting over 13,000 jobs '
~ Shafts are reducing from 11 to six
~ Lonmin is cutting over 5,270 jobs
Reason #2: Demand is pumping
~ Platinum demand has picked up over 660,000 ounces compared to last year
~ Impala platinum is paying dividends
~ Platinum companies are considering fund acquisitions and share buy backs.
Reason #3: Crucial $780 is dirt cheap and buying is picking up pushing the price up...
Will update as things progress, I do see a number of platinum companies lining up breakout patterns,