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 tjw4on Jan 12, 2016 11:04pm

103 Views

Post# 24452519

RE:RE:RE:RE:RE:On or off?

The finders fee was the issue in the sale last time. Fact is the minerals in the ground are worth atleast 3x the current share price and they were not willing to throw money away to a middle man. The ELR team is willing and financially able to sit on this deposit for as long as they want until they get the price that they desire.

One of three things has to happen.

a) the finders fee is brought down to an acceptable number.

or

b) the sale price is increased to compensate for the finders fee.

or

c) the ELR team changes their mind and agrees to the fee, I would say this is the least likely scenario.

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