RE:RE:Almost a month since last set of drill results tbnorthstar wrote: megacopper wrote: I do believe Quinton Hennigh said we should be getting more drill results mid February from Eloro. Did I hear that right or was that one of his other ones. Hard to keep track with him involved with so many. Not sure how he finds all the time to advise so many companies. Anyways looking forward to the next batch of results. With two rigs drilling now that should speed things up. Investors/speculators get impatient rather fast with these high flyers without a fresh set of assay results to look at. But at least these boys have got the goods. Difficult to imagine ELO won't be worth at least $10 a share with all that metal in the ground. And that is being ultra conservative.
Stock is being played and driven down by ANON. Like clockwork, selling into the bid. If it is a shorter, he/she is going to get clobbered, if it is a seller, congrats if you are taking a profit. Stock should be materially higher in price in the not too distant future. Notice I wrote, should be, a myriad of things could happen to derail the upward movement....but I will take my chances going forward here. Added a significant number of shares to the portfolio today so I am rather biased.
The article below provides a couple possibilities of the large Anonymous seller last week. My only concern with this deposit would be the grade although I'm not familiar with these type of polymetallic deposits. The silver would be the most valuable. All of the metal together gives you $100 per ton rock and the potential is for absolutely huge tonnage approaching one billion tons which would give an in the ground metal value of $100 billion dollars. If it's economical to mine I'm thinking a major would put a very high value on this deposit. Location could be better but as Dr Quinton Hennigh has explained things are stable in Bolivia right now with the current government. I really have no idea what a major would pay for a deposit like this. Not sure how it would be valued but it appears to be mind blowing huge!!!
https://smallcappower.com/analyst-articles/eloro-resources-greatest-silver-stock/