Eloro Resources Ltd T.ELO

RE:Reserves

[likeike]

@Dreadnought The thing about ELO is it's size. There are dozens and dozens of junior resource co.'s that get ore grade hits every year, and many go up and get financed but a year later they've fallen off the radar because they can't duplicate past results or they can't even come close to cobbling together enough tonnage to ever make a mine. And it's quite possible even NFG could fall into that category....but I wouldn't short it. Our situation here is the complete opposite and it's very obvious we have plenty of tonnage and maybe tonnage we can't even comprehend right now so our issue is all about grade. So far every hole we've produced has enough grade , in one section anyway, that is plenty high enough to be considered ore. Now all we are doing is looking for a sweet spot or the sweet spots where the grade is consistently high enough that the tonnage can carry the economics and I think we might have arrived at that already with hole 10. You can put together 50,000,000 tons by just stepping out 100 meters from hole 10 and if we can get consistent grade of maybe 100 grams you've got 150,000,000 Oz + and that's a mine. We could have 10 of those or more. It's a bit ridiculous. Too bad we can't get assay flow yet but once they do start to flow the market will finally figure this out and up we go.