Eastern Platinum Ltd. T.ELR

Alternate Symbol(s): ELRFF

Eastern Platinum Limited owns directly and indirectly a number of platinum group metals (PGM) and chrome assets in the Republic of South Africa. It is engaged in re-mining and processing of tailings at the Crocodile River Mine (CRM) and the exploration and development of other PGM and chrome properties located in various provinces in South Africa. All of the Company's properties are situated on the western limb (Crocodile River Mine) and eastern limb (Kennedy's Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the PGM-bearing ore. Operations at the Crocodile River Mine include re-mining and processing its tailings resource to produce PGM and chrome concentrates from the Barplats Zandfontein tailings dam. Its six PGMs are platinum, palladium, rhodium, osmium, iridium and ruthenium. The Kennedy’s Vale and Spitzkop Project are situated on the Eastern limb of the Bushveld Complex 350 kilometers northeast of Johannesburg.

TSX:ELR - Post by User

Eastern Platinum Ltd.

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Comment by dwotherson Sep 24, 2007 12:30pm

86 Views

Post# 13456089

RE: Big drop in revenue & production

Wow, that is a big drop in revenue... So is that ounces sold or ounce produced? Did they sell more than they produced for that quarter? The revenue relative to the market cap kind of shocked me, a lot. I think I was expecting to see production around double where it is now. It was a 5 year plan to bring production up to 5-600,000 oz last year and I think production was supposed to be in the 160,000 oz range by now.

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