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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
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Comment by sancabon Dec 17, 2012 9:57am
261 Views
Post# 20739307

RE: Finally Return Started :)

RE: Finally Return Started :)

keep an eye on the PGM prices...

they're slowly tracking upwards...

 

as mentioned, due to two reasons;

supply/demand balance is impacting the market price of PGMs plus 

devaluation of the USD.

 

also, Limon did a huge financing..

they're in the same area as ELR, so who knows... takeover in the works. this is my speculation.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities