RE: Elissa President Paul McKenzie on Nevada REE d "A minimum of 1,500 metres will be drilled, and the company anticipates the program to be completed within 1Q 2012."
“We just did a small raise of capital, a significant portion of it was taken by the insiders of the company. Our treasury right now is about $2.7 million—more than sufficient funding for this drill program and through this year and into next year.”
According to those statement we can expect results this month, and also Elissa have enough cash to next year. This is a very high risk stock, with nothing proven yet, but if Elissa manage to prove that there is significant HREE in the Thor project and with the current management and the Molycorp next to it and also a FD MCAP of only 9MCAD. This play could go very far.