Bridge Street Capital Partners have undertaken a site visit to the emerging Tier 1 Bengwenyama Platinum Group Metals (PGM) project located on the Eastern Limb of the Bushveld Intrusive Complex in South Africa. In their earlier reports they presented the case that the Eastern Limb represents an important source of PGM concentrates as the mature and high cost Western Limb projects are progressively exhausted. It is increasingly evident following discussions with industry representatives and South African analysts that one or two of the Eastern Limb mines are also under pressure, and new mines will be needed. SPD, with its low cost/long mine life 70%-owned Bengwenyama project, appears to be very well positioned.