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 GoldenDilemmaon Mar 02, 2017 10:14am

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Post# 25918649

RE:I sold at 75 cents.

The options even at $1.05 are worth something if the asset valuation is anything close to what they were in 2014... north of $2.50/share. This is assuming the company wants to sell the mines to someone respective of similar prices.

So, the sponges @ company are already front running and loading up... coupled with more shares available that can be issued for options.

Given how the stock has traded rangebound for months, we'd need a negative catalyst to take it down to .10c - .15c range...

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