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Eloro Resources Ltd ELRRF


Primary Symbol: T.ELO

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

Comment by likeikeon Apr 14, 2021 1:39pm
122 Views
Post# 32993699

RE:hh

RE:hhAnyway, I added today. I might be wrong and it’s crazy but my gut feeling is that Eloro is going to get a lot bigger. With a resource coming up it should mean that a) There is already enough data that management believes a resource can be done, and b) A resource would mean that Eloro would be getting a “floor” to some degree by having confirmed ounces in black and white. This is very favorable from a risk/reward perspective (all else equal). I also doubt that the bonanza grade mineralization is only limited to the adit. And if that is true the endowment can build very quickly since the company will be drilling this area shortly. Based on my own crude calculations I think that the inferred mineralization could already be backing a big portion of the Enterprise Value. As such I think that almost all of the blue sky potential shown in the picture above comes for free. Note that I might be wrong but this is my personal belief and I have acted accordingly.
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