RE:must read Bob Moriarty: The biggest project that I ever bought into is in Bolivia. It’s called Iska Iska and it’s owned by Eloro Resources (TSX-V:ELO), and it’s going to be a billion tons, or two billion tons, or three billion tons. It’s going to be enormous, and it’s not a low grade deposit. It’s a relatively high grade deposit at surface. It has gone from a $.14 stock in early 2020 to a $6 stock earlier this year.
ELO.V (Daily)
Goldfinger: Eloro is an exciting story. One of the best performing junior mining stocks over the last year. Seems to have definitely gotten some attention now. But when you think about the size that this project is and the depth extent that this could be, and the fact that they may not have even drilled into the highest grade feeder system zone yet. The potential here is really enormous, and they’ve been kind of hampered by, well, they’ve definitely been hampered by the COVID situation in South America, and the labs have really, really slowed down.
Have you heard any updates on the timing of, you know, assays from Eloro, and are they drilling with three rigs now or have they expanded to a fourth rig?
Bob Moriarty: I’m pretty sure they have three rigs. I hold conversations with Tom Larson all the time. I told him twenty times he really should have 15 drills turning. The issue is the length of time that it takes to get assays. Quite bluntly, because COVID in South America and because of the Canadian government and US government paying people not to work in the US and Canada, every mining company in the world is trying to operate with their hands cuffed behind them and a weight put on their feet, and they’re thrown into a 20 foot pool. It’s very difficult to be running a mining company right now, but at the end of the day, the silver and tin, it’s going to be there, and I think it’s going to be a giant success.