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

Comment by skygardenon May 15, 2013 12:30pm

108 Views

Post# 21397776

RE: RE: UBS buys and buys and buys

I think that a lot of day traders are in play looking only for the 0.005 profit, others have probably given up and wanted their capital back so they invest in something else. I agree though in the long term ELR has a lot of upside potential with very little downside risk as Camaroni's post states the numbers clearly. In the short/medium term there is also the possibility of a takeover (at this discount it is puzzling why ELR has not been taken out already).

Bullboard Posts

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