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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 Haroulaon Jan 12, 2010 1:35pm
365 Views
Post# 16669342

RE: House Cleaning

RE: House Cleaning"Buy om the rumour sell on the news: " A classic example here. However unless you are a daytrader this is a fabulous long term hold. Platinum is still a rare commodity, they are Canada's greatest producers And there is still a lot of upside. ( I also own PAL on the U.S. exchange .) Market is taking a breather. My father was a stock broker and used to advise not to get euphoric on the highs market days despondant on the lows.  If I didn't already own so much of this stock I would have been a buyer today.
Bullboard Posts