Eastern Plat Share Discussion Threads

[energiser01] 14/1/2010 08:29

Finished at around 75p equivalent in Canada, still very high volumes.

[energiser01] 13/1/2010 17:08

A few days consolidation (+ or -5p) around this level is probably what's required, if you ask one of those clever chartists.

dyor etc..

[energiser01] 12/1/2010 15:54

Great news. All sounds very positive. This decision would have been instigated some time ago when platinum was less (it was $1400 as recently as 3 weeks ago !)and any demand was weaker, so the economics will be looking better every day..

Would be good to see some timings for this planned production ramp up....

dyor etc.

[leedskier] 12/1/2010 14:44

Useful update...



VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 12, 2010) - Mr. Ian Rozier, President and CEO of Eastern
Platinum Limited ("Eastplats") (TSX:ELR)(AIM:ELR)(JSE:EPS) is pleased to announce the reactivation of mine
development at the Crocette Section of the Crocodile River Mine ("CRM"). The Crocette Project offers attractive
economics as a result of recent increases in PGM prices combined with the meaningful reductions in operating
costs which have been achieved at CRM.

Orebody access at Crocette was initiated in 2008 from two portals which will be reopened and developed to the
UG2 reef. At full production the Crocette Section is anticipated to deliver up to 40,000 tons of ore per month
(anticipated 50,000 opa PGM). This will enable CRM to reach its full production target of 175,000 tpm (approx.
200,000 opa), in line with Eastplats' anticipated growth profile for the mine. This target does not include any
potential production from the Kareespruit Section at CRM.

In a news release dated November 7th, 2008 the Company reported that the development of Crocette was to be put
on 'care and maintenance' in response to adverse market conditions while the Company took measures to increase
production from the Zandfontein and Maroelabult sections at CRM. These measures, which have been successfully
completed, include:

/T/

a. The reequipping and recommissioning of the Number One shaft at
Zandfontein to open up new areas for mining has reduced the cost of
moving mine workers, materials, ore and waste.

b. The upgrading and extension of the main ore conveyor at Maroelabult has
resulted in improved efficiencies and more reliable operations.

c. The successful optimization of the chrome recovery circuit in the
concentrator has produced more profitable chrome products and reduced
chrome penalties in the PGM concentrate.

d. Ongoing underground development at Zandfontein and Maroelabult to ensure
future mill feed tonnages.

/T/

These measures, as well as ongoing mine design and operating improvements, have enabled the Company to continue
as a low cost producer, conserve cash and increase production throughout 2009.

Crocette is one of the few remaining undeveloped near-surface PGM projects on the western limb of the Bushveld
Complex that has immediate access to a processing facility. Infill drilling has confirmed the continuity of the
UG2 at Crocette to a depth of 600m with a dip of 18 degrees, a reef width of 1.2m and an estimated head grade
of 4.1g/t (5PGE+Au). Open pit mining at Crocette is not an option as the near-surface reef is highly oxidized
which would result in poor metal recoveries; this is a common feature of outcropping PGM reefs throughout the
Bushveld Complex. The New Order Mining Right for Crocette was granted in March 2008 (see news release dated
April 2, 2008).

A commitment to provide construction power for the project has been received from Eskom but alternative
guaranteed supplies are also being evaluated by Eastplats.

Design work for the Spitzkop mine and concentrator continued in 2009 and an updated cost estimate and schedule
for the project is expected to be completed in the first half of 2010.

"The re-start of Crocette marks another era of expansion for CRM and Eastplats' operations and reflects our
confidence in the PGM markets and in our ability to operate profitably at current metal prices and at current
exchange rates. We look forward to further increases in production levels to offset current fixed costs on the
mine with no significant capital inputs other than for the underground mine development. The re-start of mine
development at Crocette represents just one phase of future development plans for Eastplats production growth,"
stated Ian Rozier.

The qualified person having prepared the contents of this news release is Mr. Brian Montpellier, P.Eng.

Total shares issued and outstanding: 680,946,625

[energiser01] 12/1/2010 09:43

Gold to Platinum price ratio improving all the time, now around 0.71, starting to show a clear and sustained improvement in platinum fundamentals. Its also evident that US and Euro auto side of the house are only now starting to look at restocking as consumption starts to turn the corner.

dyor etc..

[leedskier] 12/1/2010 09:24

Platinum ETF PHPT (which I have on my monitor to indicate daily sentiment) is up 1%+ again today.

[rimbo] 12/1/2010 07:52

many thanks Bionic, and DoodyDave yes agree with what you say, and makes sense to have both pgm's in stable. I will check to see when op updates are now due.

[doobydave] 11/1/2010 21:48

Hi Rimbo,

Or Platmin?

They're all very different propositions. ELR has had a superb run but so have most of the Bushveld platinums, including even some advance-stage explorers like Nkwe. Jubilee hasn't joined in, however, and the smelting side of Jubilee makes it unique. IMO it's a punt on Bird making ConRoast pay. I hold both ELR and JLP after the Braemore debacle - still wiping the egg off my face there.

I'm with bionic - best wait at least until the next set of operational updates for all of them. PGM stocks are back in fashion, but for how long? Will the rising prices hold?

[bionicdog] 11/1/2010 18:37

Add AQP if it drops back. I personally wouldn't be buying anything at the moment as the market looks very toppy in the short term.

[rimbo] 11/1/2010 17:57

sorry guys not wishing to look stupid but have shares in Eastern and have dabbled with Jubilee.

Now stuck between the two for further investments so cant make up my mind - would welcome comments from the experienced investors on this board as to the negative\positive aspects of both companies so I can make a decision?

[energiser01] 11/1/2010 16:30

Good story on PGM's.



Platinum group metals are positioned for a stellar year, with new investment vehicles in the United States seen as a precursor to a wave of investment buying in anticipation of a recovery in industrial demand.

Eastern Plats have mines with 30 to 50 year life and millions of ounces, someone is going to want a big slice or all of eastern as fo its future growth/production profile or as a hedge against other investment areas.

dyor etc...

[leedskier] 11/1/2010 15:23

make that 4m...;)

[leedskier] 11/1/2010 15:22

yes at 80.5p

[gozo] 11/1/2010 15:08

2 mill buy

[leedskier] 11/1/2010 15:01

it is a dream share

[energiser01] 11/1/2010 09:29

Platinum still looking strong, dollar under pressure.

[leedskier] 10/1/2010 09:48

flew in Canada on Friday

[somfawa] 08/1/2010 15:31

It's off again

[leedskier] 07/1/2010 16:09

it is about increased car production and more importantly the shortly to be listed platinum etfs in the USA...they are front running the price of platinum

[energiser01] 07/1/2010 15:53

Do they have to release an RNS if it moves more than X% (10%) for more than so many days or if average volume is high for so many days etc ?

[energiser01] 07/1/2010 15:07

Looks like news of something has leaked ?

A bid battle on top of improving demand, increasing platinum price and a good operational update, would fit the bill nicely and get 2010 off to a good start.

dyor etc....

[leedskier] 07/1/2010 14:40

set to fly

[gconvery] 07/1/2010 14:32

In auction, something afoot....