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.

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Post by Spockhouseon May 21, 2014 10:18pm

538 Views

Post# 22585307

I voted against

I voted against the stock consolidation. I have about 100,000 shares that I unfortunately paid much more than .07/share for. But, unfortunately, that's what the shares are worth now. After consolidation, that will still be what the shares are worth. Eastern Platinum couldn't make any money out of the mine when the price of platinum was $1,900.00/oz. The only bright side will be for Ian Rozier with his gang and their options at .15/share

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