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 Phipster99on Aug 08, 2016 12:04pm

77 Views

Post# 25119580

RE:RE:RE:Harrington

This does not look good. Maybe Ka An is intending on opening the mines again and Harrington doesn't want to be in the mining business and believes it can use its money better elsewhere. We don't actually know what Harringtons Cost Base is do we? Once they were over 10% I remember them buying in the 1.5-1.9 range. This is quite the loss. It also seems funny that they only sold half of their shares.

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