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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

Post by tdsbon Dec 14, 2023 5:20pm
219 Views
Post# 35785592

Average Price 14 cents

Average Price 14 centsThe first tranche I bought was for 10 cents then I bought some for 15 cents, still early days but I really like this play. We have hit resistance at 16 cents and that is a 52 week high. I ran some technicals on Eastern and the only thing that concerns me is their debt, but if it pullsback I think it will be bought aggressively. I believe Platinum will join in on this gold rally at some point. I understand that the recent pop we are seeing is mostly from their chrome sales. Cheers!
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