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Eloro Resources Ltd T.ELO

Alternate Symbol(s):  ELRRF

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 tbnorthstaron Aug 03, 2022 6:28pm
305 Views
Post# 34869696

RE:RE:RE:Not Much

RE:RE:RE:Not Much
tdsb wrote: Hi northstar, companies get taken out all the time sometimes another company just likes the land position a company has without any drilling having occurred. This company already has over 100 drill  intersections. They are at the stage where they will start infill drilling to prove up this resource. We know this property will become a mine. We are at $4.25 CDN,once the stock goes over $5 institutional money will start buying in. The price will then start moving faster. If you are a major looking to acquire this property when do you enter the picture, when the stock is selling for $10 or $30. We know they have a huge deposit on their hands. Too many investors think a company will just acquire a PEA, and an MRE and then put the property up for sale. There are sharks looking at this play and they can strike at any moment. I believe there will be multiple offers for Eloro. In this environment companies usually pay up 30-50%. But Eloro will be acquired for more than that because of the size and content of this property. I would prefer to see it run because we would lose a lot of potential as investors at this price. CHEERS!



Only a handful of companies capable of buying and developing this. Marrone will help shepard any potential deal...
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