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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

Bullboard Posts
Comment by gskohlion Nov 17, 2009 7:33am
610 Views
Post# 16494089

RE: PicksThatMove.com Announces Investment Opinion

RE: PicksThatMove.com Announces Investment OpinionPicksThat Move.com Announces Investment Opinion on Crystallex International Corporation, Matech Corp., EasternPlatinum Limited, Viking Systems Inc. and MEGA Brands

Eastern Platinum Limited (TSX: ELR), 0.92, +.08,9.52%, is recognized as a leading platinum group metals producer. Thecompany is presently engaged in the acquisition, development and miningofplatinum group metal deposits in South Africa. ELR is makinggains today with heavy traffic on the TSX with 10.8 million sharestraded, a significant increase from Friday's close of 1.3 million. Thecompany released its third quarter financials citing net profit of$1,839,000 compared to a net loss attributable of $10,829,000, in thesame quarter last year. The company's EBITDA was $4,971,000 compared tonegative EBITDA of $11,405,000 in the third quarter of 2008. Completenumbers are posted on the company's website.
Bullboard Posts