ELEF vrs. NUAG NUAG ( 190mm oz. M&I) - $1bln mc
ELEF ( 80-100mm oz. M&I - defined by the end September) -$70mm mc
both are in Bolivia, 100km away from each other.
NUAG with 2 strategic investors - SVM and PAAS ( both are leading Silver producers)
ELEF - ( 10% stack by Eric Sprott -" speculator")
BMO valued NUAG with $2 per oz. last year.- the highest multiplier in the silver exploration sector. (NUAG currently traded at $4,5 per oz.)
ELEF's analyst valuations are pending ( but why they should be lower than $2?)
If ELEF with new projects reaches 300mm oz target 2021 10 bagger from current level is possible.