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 StompinTomon Feb 15, 2015 12:59pm

190 Views

Post# 23431801

RE:RE:RE:RE:Preparing for next stage up

I think this is a great arb play; I was just in CFN as an arb play on a takeover there that was trading at a 40% discount to the deal price. I am not sure why there is a huge overhang here; I am guessing concerns over the Chinese credit bubble but this seems overblown significantly. Any idea on the future plans as you are basically sitting on a $300m VC fund at closing.

Bullboard Posts

The top 10 Canadian medical stocks