Eloro Resources Ltd T.ELO

Alternate Symbol(s): ELRRF

Metals & Mining Industrial Metals & Minerals

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.

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Eloro Resources Ltd > What am I missing here?

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Comment by tbnorthstaron May 02, 2022 2:42pm

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Post# 34648471

RE:What am I missing here?

RickVaive1 wrote:
There is selling pressure on the stock that will be irrevelant when the resource estimate is published in the next few months. Q Henning has stated that could be 1 billion tons. If you take 120 grams a ton of silver equivalent (conservative estimate) that equates to $80 a ton (28 grams in an ounce).Silver is at $22 an ounce. Lets say this estimate is widely optimistic. Take only 10% of the estimate that would be $8 billion. Divide this by 70 million shares you get $100 a share. Again say this way to optimistic take only 20% of this deposit as being economical this is worth $2 billion you still get $30 a share.

This has to be balanced by country risk, economic outlook (if we are in a recession) and ability to drill up resources.

Hope this helps

MRE will probably not be out until Q4 2022 or Q1 2023. Patience here is the key.