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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

Bullboard Posts
Comment by FreedomFun55on Aug 19, 2015 1:55pm
144 Views
Post# 24032357

RE:Reality Check - $0.60 cent target

RE:Reality Check - $0.60 cent targeta quote from Eastplats Aug 6, 2015 MD&A filing on Sedar:

"4.1 Outlook

...The Acquisition, if successfully completed, will result in the Company having cash and cash equivalents of approximately $240 million (approximately Cdn.$299 million) with no debt and no other significant assets. Upon closing of the Acquisition, the Company intends to consult with its major shareholders with respect to the use of proceeds from the transaction, including the possibility of declaring an agreed dividend. Any such dividend would be paid to shareholders as soon as practicable after the closing of the transaction and prior to any potential future transaction that the Company may enter into. "...



Bullboard Posts