Eastern Platinum Limited

ELRFF

Other Precious Metals · Basic Materials

Price

$0.32

+0.00 (+0.00%)

Market Cap

$65.9M

Exchange

Other OTC

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 13, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Weak

Valuation

Data not available

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Share count rising — dilution

+49.9% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 135.4M (2021) → 203.0M (2025)

Winston Score History

The full picture

Eastern Platinum Limited, known as Eastplats, is a mining company that digs platinum group metals (PGMs) out of the ground. PGMs include platinum, palladium, and chrome, which are used in car exhaust systems, jewelry, and industrial processes. The company operates in South Africa, one of the world's largest sources of these metals.

Eastplats makes money by selling the ore and metals it mines, primarily through its Crocodile River Mine in South Africa's Bushveld Complex. It is a small company with a market cap around $100 million, and its competitive position depends heavily on the global prices of platinum and chrome, which it cannot control. The company's thin gross margin and negative operating margin show it is currently struggling to turn a profit, and its biggest risk is that low commodity prices or rising mining costs could make operations financially unviable.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-8.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+42.1% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

49.3%ownership

Insiders own a meaningful stake in the company

Cash Runway

~7 months

$7M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Eastern Platinum Limited has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

4.8%

Thin — 4.8% gross margin

Operating Margin

-21.8%

Losing money on operations — -21.8%

ROCE

-2.4%

Weak — -2.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-2.0%

Shrinking sales (-2.0% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-20.1%

Burning cash (-20.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

1.11

Elevated debt (1.11)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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