Value Microcaps Junior Miners

[kipp440]

Eastern Platinum (ELR.TO, ELRFF)

(I got this from a newsletter. Has anyone done any DD? I am at work and need to look at it overnight. Kipp)


Eastern Platinum based upon its
industry’s valuation metrics is severely undervalued with a market cap of under
$20 per PGM ounce in the ground resource. All other platinum producers are
valued in excess of $60 per PGM ounce in the ground. New producer stocks
generally take time to reach peer level valuations. This is likely due to the
transition from hype to showing you can achieve solid operating numbers.
Eastern Plats is set to rapidly increasing production and expects to be producing
at a rate of 185,000 oz/year of platinum at the end of 2008 followed by 320,000
oz annual rate of production in late 2009. Soaring platinum prices will increase
interest by US investors for which Eastern Platinum should benefit greatly.
Eastern Plats being a small producer in South Africa should not be affected by
the power crisis as the authorities have only required large, deep underground
mining operations to cease production. Company Website: www.eastplats.com