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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Post by gskohlion Jan 26, 2011 7:47am

450 Views

Post# 18027298

UBS raised ELR target to $2.10

UBS raised ELR target to $2.10

Big voulme, big investors are showing their hands and has started againinvesting in ELR.

I am still holding nearly my 21 K shares and I have set up my selling target above$2.50
Platinum prices are also moving in upward direction which is also a very goodsign for ELR.

Big buying, and huge accumulation of large blocks of shares show that there issomething cooking very big. The shorters are getting burned one way, no doubt about that.

Quarterly financials are also due end of March and I am very confident the oddswill be very good and the share price will definetely rise to above$2.10 very shortly.