Seeking value through the mining and exploration of our PGM and chrome assets in South Africa

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Bullboard - Investor Discussion Forum 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... see more

TSX:ELR - Post Discussion

Eastern Platinum Ltd. > over 70 Million ounces !

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Post by austrochris on Feb 09, 2021 3:29pm

over 70 Million ounces !

Made a little research here !

Exhibit 2: Summary of Eastern Platinum’s reserves and resources (ounces) Note: For 100%. 3PGM+Au Resources CRM M’burg Spitzkop K’s Vale DGV Measured 869,000 10,977,000 23,557,000 Indicated 4,694,000 1,691,000 16,912,000 8,552,461 Inferred 10,157,000 20,860,750 4,809,593 Total 15,720,000 1,691,000 10,977,000 61,329,750 13,362,054 Reserves Proven 643,000 Probable 3,462,000

Giant resource !

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Comment by FreedomFun55 on Feb 09, 2021 4:08pm

AND there is NO DEBT against the original main resources. They were all purchased by previous management before PGM's went into the toilet years ago. Now with the PGM recovery well on the way, the value of these assets is set to increase substantially. New management has cut costs, survived the downturn & is on their way to generating revenue with the new re-mining and ...more

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Eastern Platinum Ltd.