Eloro Resources Ltd ELRRF

Press release...........my positive take-away !

[gamer007]

Clearly, a diissapointed group of shareholders..............with high expectations........hunting for more euphoria........... felt a need to capitulate..................the true nature of momo players/traders !

But in the end there is nothing negative regarding the content of the release.....on the contrary.......

.......yes delays with covid.......and underground grades similar to other underground assays......new mineraliztion requiring different assay techniques .... yada yada yada........BUT we are getting more information about the nature of the beast................

Dr. Arce has wrapped his head around three distinct styles of mineralization in HK, SBBP and CBP, all of which will contribute to the overall project with more complexity of what is still a avery HUGE system..........3/4 other pipes not even tested !

Very Noteworthy is the last 15 meters at the bottom of CBP.............    .23% sn, 13.3 gms Ag and .89 au................this represents 51 + 12 + 56 = $119 /ton rock within  this porphyry !

This is a SIGNIFICANT development !

A few hundred million tonnes of this grade will put this project seriously on the map !

The smart money is sucking up all this unloved paper, as this is just the beginning !!!!

That includes me................ as well !!

GLTA

[megacopper]

  Great review. And like you I bought more today because I think this is just the beginning for this one. Investors and speculators thought we were going straight north of $10 a share and we all got caught up in the excitement. There will be many ups and downs along the way but ELO will get there eventually. This is a huge complex mineralized system with a lot of metal. Drilling will

[tbnorthstar]

There is no denying the market was disappointed by today's news. I can understand why as has been mentioned by the previous posters, expectations were sky high. To my mind, we wait a few more weeks or a month and then we should have a better picture of what is really going on. Between now & then, it will be crazy train time. By year end I think this issue will have market cap of close to a

[GoldenEra]

This post has been removed in accordance with Community Policy

[megacopper]

I don't think you are too late to buy ELO. The market cap is below $250 million and I can easily  see them ending up with a valuation of at least one billion. Still early days with the drilling. They are onto a huge mineralized system at Iska Iska that most likely has an in the ground metal value well into the tens of billions of dollars. Once we get drill results back from the deep hole

[tbnorthstar]

megacopper, it is hard for some to pay four dollars a share for an exploration play in Bolivia no matter what the market cap might be. I can't argue with those potential investors as everyone must choose where to put their money. All I can say is, there is a lot going on and there is tremendous potential here.