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. > Potential Revenue Breakdown

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Post by leste3221 on Oct 05, 2024 3:53pm

Potential Revenue Breakdown

While the announcement doesn't provide exact revenue numbers, we can estimate based on current production data:

In September, Eastplats produced 1,300 ounces of PGMs. Assuming an average price of $1,000 to $1,500 per ounce, we can estimate:
- 1,300 ounces x $1,000 = $1.3 million USD
- For October, with projected production of 2,000 to 2,500 ounces, the revenue would range from:
- 2,000 to 2,500 ounces x $1,000 = $2 million to $3.75 million USD

As production ramps up to 70,000 tons per month by the end of 2025, annual PGM production could significantly increase, potentially bringing in tens of millions in annual revenue.

This shift towards higher PGM output, with 65% of total revenue expected to come from PGMs by 2026, indicates a substantial boost to the company’s future earnings.

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