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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. 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 world’s PGM-bearing ore. Operations at the Crocodile River Mine include re-mining and processing its tailings resource from the Barplats Zandfontein tailings dam and mining and processing ore from the Zandfontein underground section to both produce PGM and chrome concentrates. The Kennedy’s Vale and Spitzkop Project are situated on the Eastern limb of the Bushveld Complex 350 kilometers (km) northeast of Johannesburg. Mareesburg is an open-cut PGM project on a 2,129- hectares area in the southern part of the eastern limb of the Bushveld Complex, in the Limpopo Province of South Africa.


TSX:ELR - Post by User

Bullboard Posts
Comment by dwotherson Dec 19, 2006 12:41pm
337 Views
Post# 11891850

RE: News

RE: NewsThey were actually getting a bit more than $1000 per basket, if memory serves me, it was $1063 per basket. I got a sense from reading the financials that there was enormous opportunity for reducing costs as well, but I still really haven't gone in there and studied the financials and come up with what I think are reasonable projections. I just see a plan to increase production to 700,000 oz in 5 years from around 90,000 now, with high operating costs, so everywhere you look, there is enormous potential for growth and cost savings. And I was so impressed with how the management team pulled this company together.
Bullboard Posts

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