Eloro Resources Ltd ELRRF

Hi, tbnorthstar

[waldenpawned111]

Hope you're doing well.

Given that you seem to have your ear pretty close to the ground, I was wondering if you have any thoughts on why Tom feels the need to let everyone know that Eloro is all lawyered up (two top firms, one of which also represents Sumitomo). Seems a bit odd at this stage in the process. Maybe assays aren't the only newsworthy items coming our way???

Take care, Walden

[tbnorthstar]

Hi Walden, You are quite adept at digging for information not available to the public:) To answer your question, I have heard nothing specific regarding the two law firms being retained. Having said that, I believe Tom is taking every precaution as the size of this discovery is so massive he doesn't want anything to possibly go wrong. As for news, I would expect something before month end

[waldenpawned111]

Hey, thanks for the reply. Any idea who owns the option on the property around Porco? I'm hoping it's the Villegas family, as Tom and Osvaldo seem to get along well with them.

[tbnorthstar]

Sorry waldenponded111, I do not know who owns the property. Am going to wait a bit to see if we hear on any type of potential deal forthcoming.

[waldenpawned111]

Yup. Something is certainly in the works, but we won't know details until the company gets things tied up. I have faith in Tom and his team, so, like you, I'm fine waiting.

[tbnorthstar]

There are rumblings and then there are rumblings (ear to the ground stuff). What I am most impressed with is the relatively low volume move up for ELO. Whatever is coming must be material....I expect something within two weeks. 

[toller1]

I owned this once but made a little and moved on. I feel the deposit is huge but I'm just not comfortable with the Regime that controls the Country. How can you feel so confident that a sell will someday take place and you all will do well? Please, I welcome your response.

[tbnorthstar]

Well, toller1, I just can't tell you this is the safest juridiction in the world but other mining companies seem to make it work just fine. Just ask Sumitomo as an example, cranking out 300 million per year free cash of a somewhat similar deposit.... Lets see what they might say with their next news release 9 I think it comes this week0 but then again, I have been expecting news for a month

[toller1]

Valid point, I think precious metals stocks will rebound today.