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Eastern Platinum Ltd. T.ELR

Alternate Symbol(s):  ELRFF

Consumer Cyclical Metals & Mining Industrial Metals & Minerals
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
User Avatar Image
(1)
•••
Comment by sancabon Nov 16, 2012 4:12am
350 Views
Post# 20608418

takeover target..

takeover target..

ELR will be sold... 

$120MM market cap is a peanuts for this size of resource body.

 

trading is wierd..

 

on another day single trade of 12MM

 

now today 13MM .. so something fishy is going on with ELR.

 

time will tell.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities