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Byline: Brendan Ryan
The windfall profits are over ... for now, at any rate Reality in the form of lower platinum prices has returned to Impala Platinum (Implats) after three years of phenomenal results and share price growth, but it's a reality that still delivers a 50% profit margin.
Implats has been one of the top investments on the JSE Securities Exchange over this period because of the boom in platinum metal prices and the group's revitalisation since the settlement of the dispute over mining rights with the Royal Bafokeng Nation.
Implats did better than expected in combating the effects of the sudden collapse in platinum prices in the second …