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

Eastern Platinum Ltd.

Bullboard Posts

Post by gldfngron Jun 10, 2009 4:55pm

542 Views

Post# 16059770

here's the deal

ELR just another stock in a long line up, ready to break out. Look at the buying over the last couple of weeks. Yes, some insider selling, but that is normal after a bad quarter which they had. But new director now and platinum on long term upswing. New targets over a dollar. Nothing goes straight up. Good volume. This should move well ahead of next earnings.

Bullboard Posts

Rig Count Soars as Utilization Surpasses Industry Averages