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Eastern Platinum with $1/2 billion in book value assets trades near net cash value of $130 million
Market cap.: ELR $83 million<====================>Market cap.: PTM $650 million ELR: South Africa- about 80 million oz PGM-no debt-$87...
$30,000 of ELR shares traded easlier today =========> $12,500,000 of market capital erased
ELR's share price dropped 16% since consolidation... Got out at $1.00. Will wait to see where this goes before I jump back in.. if at all...
The discount will continue until .60 or there abouts , IMO