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.

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Eastern Platinum Ltd.

Bullboard Posts

Comment by Barolo12on Oct 27, 2011 11:25am

369 Views

Post# 19186139

RE: Target SP Predictions by November?

If they can get the operational issues behind them I see this thing moving well beyond .80. They had a profitable mine a year ago but labour cost increases and production issues took this away. I see this as the bottom for the stock price. Was not able to pick up shares yesterday below .60 but bought some this morning. Have been in and out of this stock for the past year and have done reasonably well on it.

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