RE:RE:Press release...........my positive take-away !megacopper wrote:
gamer007 wrote: Clearly, a diissapointed group of shareholders..............with high expectations........hunting for more euphoria........... felt a need to capitulate..................the true nature of momo players/traders !
But in the end there is nothing negative regarding the content of the release.....on the contrary.......
.......yes delays with covid.......and underground grades similar to other underground assays......new mineraliztion requiring different assay techniques .... yada yada yada........BUT we are getting more information about the nature of the beast................
Dr. Arce has wrapped his head around three distinct styles of mineralization in HK, SBBP and CBP, all of which will contribute to the overall project with more complexity of what is still a avery HUGE system..........3/4 other pipes not even tested !
Very Noteworthy is the last 15 meters at the bottom of CBP............. .23% sn, 13.3 gms Ag and .89 au................this represents 51 + 12 + 56 = $119 /ton rock within this porphyry !
This is a SIGNIFICANT development !
A few hundred million tonnes of this grade will put this project seriously on the map !
The smart money is sucking up all this unloved paper, as this is just the beginning !!!!
That includes me................ as well !!
GLTA
Great review. And like you I bought more today because I think this is just the beginning for this one. Investors and speculators thought we were going straight north of $10 a share and we all got caught up in the excitement. There will be many ups and downs along the way but ELO will get there eventually. This is a huge complex mineralized system with a lot of metal. Drilling will eventually prove up an economic deposit. I'm hanging on for the ride!!!
There is no denying the market was disappointed by today's news. I can understand why as has been mentioned by the previous posters, expectations were sky high. To my mind, we wait a few more weeks or a month and then we should have a better picture of what is really going on. Between now & then, it will be crazy train time. By year end I think this issue will have market cap of close to a billion dollars and I am pretty sure they won't have any 100 million shares out either.