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Eloro Resources Ltd T.ELO

Alternate Symbol(s):  ELRRF

Metals & Mining Industrial Metals & Minerals
Eloro Resources Ltd. is a Canada-based exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. It is focused on developing its potential Iska Iska silver-tin polymetallic property in the Potosi Department of southern Bolivia. The Iska Iska Porvenir Concession is a road accessible, royalty-free property that covers an area of 900 hectares located 48-kilometer (km) north of Tupiza city, in the Sud Chichas Province of the Department of Potosi. It also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing over 89 square kilometers. La Victoria has infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level.


TSX:ELO - Post by User

Eloro Resources Ltd
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•••
Post by likeikeon May 13, 2021 10:52pm
208 Views
Post# 33201276

must read

must read
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@Ace26 Thank you for the shares today!
 
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@Ace26 Just bought some more here. @HHorseman this is now behemoth class position. Lollllll
 
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@Ace26 Tactically she looks so sweet right here. Let’s see how this goes.
 
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@sedi Eloro Resources Ltd. $ELO just filed 1 report. View full report: SEDI:ELO
 
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from #insiders, 
 
@money75 How’s that for confidence ^^^^
 
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@Goldfinger Big open market purchase by $ELO CEO Tom Larsen. SEDI:ELO
 
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@sedi Eloro Resources Ltd. $ELO just filed 1 report. View full report: SEDI:ELO
 
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from #insiders, 
 
@sigmund Wonder if we see a bounce tomorrow as the CEO is buying plenty of shares at market prices
 
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@Ace26 That’s one of the best insider buys I’ve seen in a long time. I mean it’s significance beyond the amount. I agree @money75. It’s lots of confidence. I like our CEO. Haven’t met him but loved Mgmt that acts like this.
 
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@money75 I agree @Ace26. I actually added to my $ELO position today.
 
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@sigmund I own too much otherwise I would be buying here too
 
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@Dreadnought That is an impressive buy, wonder what he's thinking ?
 
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@sigmund @Dreadnought Looks like he’s thinking ELO is going up, that’s all that matters
 
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@OgnyQ4 @Dreadnought, I am wondering, what he is knowing?
 
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@Dreadnought I'm not sure he can actually know more than we do, meaning he shouldn't be writing our next press release while buying stock unless he's prepared to risk insider trading but that's not to say he can't have a really big hunch that everything is working just fine. This clearly is super bullish, the guy has tons of stock and plenty of options, this buy, regardless of how successful the Co. becomes, isn't going to impact his resulting net worth in any material way. So it's a signal.
 
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@sigmund I noticed a few days ago the trading pattern had changed. Haywood has been buying aggressively. Soon we probably find out what's driving this buying
 
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@alwil106 @HHorseman It"s a pity NVO had"t mined the conglomerate before buying the mill, now having to do tightly spaced drilling to find out if the grades are suitable (Jay Taylor interview). I seem to remember Bob Moriarty saying just blast it assuming the grade to be consistent
 
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@HHorseman Wow, what a friggin insider buy. I missed that
 
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@HHorseman @ace26 No problem mate. You seem like a very nice guy! I have an ego but only gets brought out by a ... ;). Well I do think I provide at least some content that is better than what people pay for. I like making money but I find it more fun helping others at the same time (not that I get everything right all the time)... I can have weeks/months where I feel there are a lot of good opportunities but no one really stands out too much from the others. I mean I have owned ELO for quite some time but when I really dug into it, thought about the R/R etc, I realized it's probably a stand out right now. So I began buying more a few months ago and that conviction has only gone up. Last few weeks I have added a lot. Don't get me wrong I have like 30 names I think are great but ELO has a few things that makes it stand out right now IMO: a) Apparent margin of safety: SBBP which has already been drilled and could already warrant a good, relatively safe return, b) blue sky that is larger than almost anything I know, c) type of system that can be drilled quickly and where one hole can be as impactful as ten holes in a typical orogenic gold system for example, d) News flow with soon to be 4 drills, e) Maiden resource coming which puts some margin of safety in black and white for the more conservative people, f) Tier 1 potential which means it might indeed be a HODL until buyout case (Hands off case where one can really ride it to ATH), g) discount due to Bolivia and murmors about high Arsenic levels... The former will not be an issue IMO because I think political risk increases with time and ELO can be taken out within 12 months theoretically. The latter is an overexaggerated risk according to Dr. Oswaldo, h) Tight share structure with a lot of strong hands (and CEO just bought a tonne more), i) Chart looks close to ready to break out of a ten year long consolidation.
 
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@HHorseman I could add the tin component that is probably overlooked. I even think some sold because it's not a pure silver play even though tin has been raging higher and from what I hear have one of the best supply/demand characteristics out there
 
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@Ace26 @HHorseman - now you got me blushing. I truly value being called a very nice guy by my close friends. It’s rare to hear it online. The feeling is mutual mate. I get you. I also value that you want to help people. So many of these young clowns make money and then act like morons with no class or appreciation for what money is. Alas, I know you can not change others we can only change ourselves. I’ve worked for years on my mind and mindset to hone my investment approach. Earlier in my 30s I was far too aggressive when considering “risk adjusted returns”. I’m very into odds and probabilities and have been since I was young. I had a thing for numbers as a kid and could memorize everyone’s phone numbers hearing it only once. In school I could remember the page and paragraph where I read an answer on tests. I’ve worked hard to build that memory function with age to counter the natural ways our bodies evolve. Much of your logic in buying ELO mirrors my own. I started buying aggressively in Feb. I saw January happen and considered “I missed that one”. As I read the news I realized there was so much more upside then I first thought possible. Then I realized how fast this could become a resource. The value of each drill hole in this stage of a discovery I am not sure I’ve ever encountered yet in my discovery investing lifetime. That captivated me. Like a kid. So I started digging. My thinking is always judged internally on how flexible I remain. 4 months ago I would not invest in Bolivia due to my own lack of familiarity with the jurisdiction. When I saw what and who is already there and realized we had Oswaldo and the original landowner involved it really got interesting. And being flexible I then completely changed my mind and course of action on ELO. I got very aggressive buying this. It’s far and away my largest position. I’ve commented in earlier threads what I like. Ton’s buying yesterday made our household very happy. I share with my family lots about El Oro and it’s potential. For what’s it’s worth I thought your article on Labrador this week was one of the best items I’ve read in months. It is my hope that all your kind ways of helping others heap tons of happiness on your life. The joy of giving is irreplaceable. And so are you. Thank you for making my day mate.
 
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@Ace26 @money75 - I added yesterday as well. About to again today. ; -)
 
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@Minerintown 'good vote of confidence to put in 400 k cad
 
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@money75 Nice @Ace26
 
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@HHorseman Just heard a known Canadian broker put ELO as "Focus Name of The Week"
 
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@Dreadnought @HHorseman, So they only make 52 recommendations a year ? I'm pumped. LOL ! We have a little competition today from FIL so that may be the reason we are a bit weaker. Let's get that 500 meters of mineralized core assayed and give them a run for the money !
 
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@HHorseman @Dreadnought Main thing is that this has the potential to be one of the biggest discoveries in the last couple of decades and there are 9 people in this room and I see almost no one talking about Eloro on MinTwit... This is ofc a very good sign for us since it highlights that the real excitement hasnt even begun since almost nobody seems to be aware... Yet
 
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@mackvorkian Haywood News ($TN owns around 4 million shares) This week, the sales team would like to highlight Eloro Resources (ELO), a C$245M market cap polymetallic exploration company with interests in Bolivia. Eloro’s key asset is the 99%-owned Iska Iska project, situated near world-class deposits within the polymetallic epithermal-porphyry complex in the Potosi district of southern Bolivia. Haywood analyst Pierre Vaillancourt has closely followed the company’s progress, noting that poly-metallic deposit at Iska Iska is dominant in silver and tin, and that overall rock value is key for this asset. A couple more reasons to follow this story now… 1. District Potential at Iska Iska – Eloro has the option to acquire a 99% interest in the fully-permitted, 900 ha. road accessible, royalty-free property hosted in a major silver-tin polymetallic epithermal-porphyry complex. The project is situated near world-class deposits including Silver Sand (New Pacific), San Bartolom, Pulacayo, San Cristobal, San Vicente, Siete Suyos & Cerro Rico (historical production +2.1Bozs Ag), sharing many of the same geological characteristics. We believe Iska Iska holds significant size potential that could match Bolivia’s largest polymetallic silver-tin-zinc mine, Cerro Rico.
 
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@mackvorkian Building Size at Depth – Iska Iska’s geology is characterized by broad breccia pipes extending to a deeper porphyry. The latest results confirm the multi-stage nature of mineralization, with high-grade epithermal Ag-Sn-Pb-Zn stockwork transitioning to a lower Sn-dominant porphyry system. The deposit features two main pipes: Santa Barbara pipe (800m in diameter), and Central pipe (400m x 700m), which are estimated to extend for at least 600m depth, for a potential resource of several hundred million tonnes. Based on the current dimensions of the Santa Barbara breccia target, Pierre sees potential for a ~300Mt resource, and a path toward an overall project inventory of 750Mt to 1Bt when all breccia targets are consolidated.
 
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@mackvorkian ELO has a tiger by the tail.
 
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@Dreadnought @mackvorkian, Thanks for this but who's $TN ?
 
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@mackvorkian @Dreadnought Go to TN's - Tartisan Nickel's website and check it out. $ELO Tartisan Resources and Eloro Resources Enter into Agreement for Eloro to Acquire a 100% interest in Tartisan’s La Victoria Polymetallic Property, Ancash, Peru Toronto, Canada, May 30, 2016 – Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q) (“Eloro”) and Tartisan Resources Corp. (CSE:TTC) (“Tartisan”) are pleased to announce that they have entered into a Letter of Intent Agreement (the “Agreement”) for Eloro to acquire Tartisan’s 100% undivided interest in La Victoria property (“La Victoria” or the “Property”), in consideration for: i) 6 million common shares (the “Shares”) and 3,000,000 non-transferable warrants (“Warrants”), ii) staged cash payments totalling C$350,000, and iii) the granting of a 2% royalty interest (the “Royalty”), half of which (1%) can be repurchased by Eloro for C$3 million (collectively, the “Transaction”). The Property, consisting of 8 mineral concessions totalling approximately 34.4 km2 , is held by a Peruvian-based Tartisan subsidiary and is located in Huandoval District, Pallasca Province, Ancash Department, in the North-Central Mineral Belt of Peru. On completion of the proposed Transaction, Eloro will hold an undivided 100% interest in the Property, subject to the Royalt
 
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from #tn, 
 
@mackvorkian @Dreadnought Via ELO's purchase of $TN's La Victoria project Tartisan Nickel got in consideration for: i) 6 million common shares (the “Shares”) and 3,000,000 non-transferable warrants (“Warrants”), So yes, Tartisan is a shareholder of ELO.
 
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@mackvorkian Adding Rigs, Step-Out Drilling – Eloro has completed over 11,696m (of an expanded 51,000m program) with two drill rigs, and intends on adding a third and fourth rig shortly. This is the first modern drill program on the property, and is primarily focused on the Huayra Kasa Mine area, Santa Barbara Breccia Pipe, and the Central Breccia Pipe. Drilling at the Central Breccia Pipe intersected a broad 483m wide mineralized zone from 107m surface, and 19 intersections returned grades greater than 31 g/t AgEq. Other highlight drill results include: 155.15 g/t AgEq over 73.29m, and 196 g/t AgEq over 56.2m. So far, the program has demonstrated silver-rich intercepts with significant widths. With two more rigs on the way we expect steady drill-related news flow over the coming quarters, which will culminate in a maiden NI 43-101 mineral resource.
 
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@mackvorkian I keep an eye on ELO as I am a shareholder via Tartisan. I also follow the wisdom of Bob Moriarty who is a huge proponent of Eloro.
 
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@mackvorkian @HHorseman I agree. Eloro is flying under the radar.
 
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@Dreadnought @mackvorkian, I see that TN is down to 3.3 million shares and can't sell more than 1 million in any 6 month period. ELO must be notified if TN intends to sell and we have the right to facilitate that sale, placing it in friendly hands effectively. So that's OK and maybe if a mining friendly candidate wins the election in Peru we might have a decent property to spin out once ELO is sold to PAAS at $ 50 + a share
 
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@HHorseman @mackvorkian I kinda get the sense that it's also the "It's gone up I don't want to be late to the party" situations. I mean MOST stories can go up a lot on a drill hole or two and then reality seldom meets expectations. In this case I think it's actually that rare event where this relationship is flipped... That expectations are actually below what looks to be reality. The CEO's monster buy is more evidence of this.
 
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@HHorseman I do think that this will break higher, much higher and then people are going to be forced to take it more seriously because nothing affects sentiment as much as price. I just want to be in before this
 
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@HHorseman @Ace26 Thank you for that very kind post sir. Too long to respond to everything but I think we have a similar approach to investing. I was also too aggressive in the beginning. Especially with pre-discovery drill plays. I bet way too much on long shots. Even though they could have been good bets I risked too much and nothing is more expensive than permanent losses. With ELO I am very comfortable with the fact that they already have a discovery. A very large one by the looks of it (and that report even put it at $15.8/share). Therefore I think we both have potentially very high margin of safety and get all the other pipes + porphyry for free. That's a very very good and rare bet in my book... It did take me some time to fully appreciate the story and I have more now in ELO than ever (I had a small position when it traded around $1)
 
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@HHorseman Also glad you liked the LAB piece! The concepts in that one are some that are easiest to implement and can greatly affect ones risk profile as well as returns... I hope I am collecting some karma points :). Thank you!
 
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@HHorseman "Based on the current dimensions of the Santa Barbara breccia target, Pierre sees potential for a ~300Mt resource, and a path toward an overall project inventory of 750Mt to 1Bt when all breccia targets are consolidated. "
 
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@HHorseman At "only" 70 gpt AgEq 300mt is around 687 Moz AgEQ
 
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@HHorseman 1Bt with same grade is around 2,000,000,000 ounces
 
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@HHorseman "... Cerro Rico (historical production +2.1Bozs Ag), sharing many of the same geological characteristics. We believe Iska Iska holds significant size potential that could match Bolivia’s largest polymetallic silver-tin-zinc mine, Cerro Rico. "
 
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@HHorseman Let that statement sink in
 
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@HHorseman Economic value would be many billions
 
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