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.

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Eastern Platinum Ltd.

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Comment by StompinTomon Jul 22, 2015 1:20pm

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Post# 23949359

RE:RE:RE:Concerns

I don't think "clearly" can be said here. Retail shareholders are walking ELR down on the obvious concerns in China; volumes have been low and it doesn't appear any of the major shareholders have been dumping. At this price you are literally getting 5 to 1 pot odds with the downside the cash on hand (somewhere around $0.90) and whatever the market values the undeveloped assets at, the upside being a closed deal ($3+). Obviously there is risk but nothing is for free and maybe the junior marketst are then not the best place for you.

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Global Tungsten Market and Supply Security