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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 OgnyQ4on Sep 01, 2023 11:18pm
162 Views
Post# 35617212

RE:Down the rabbit hole (part 2)

RE:Down the rabbit hole (part 2)
OgnyQ4 wrote:

Saint Cristobal have low grade oxide or, that can't be proceed with existing facilities(build for sulfide). 
That kind of or could came from ELO.
IMO, Crescat is loosing time and money if trying to depressed SP in order to achieve better deal .(and that is pure speculation from my side)

But, think about this :

That's gonna be quite a big hub and spoke operation. But with the sorter(OPEX~0,07$/t), ore  to the plant could be reduced to less than 10 000 tons per day. The othet 40 000(SCM capacity is 50 000) could came from their own deposit(low grade sulfide ore) and some other suppliers (Bolivian cooperatives producing metals for  over 2 billion usd per year using entirely that strategy)
10 000 tons per day(could be less) and with 110t cargo wagons, the transportation cost should be less than 10$ per ton.
Spur Line building to SCM should be less than 70 million usd.
Now,
compare that with at lest 2,5 Billion dollar CAPEX for building similar to SCM facility at ISKA ISKA.
It is clear, that the economics is there.
What is not there is a common-sense approach from SCM owners (IMO only)
If so, they are doing a big mistake. Bolivian government was very clear in its intentions to have 5 new mine OPERATING till 2025 elections. SCM management coud learn it, in a difficult way, what means to not abide to that will. Then, there will be no court in Bolivia to help them. Many still believe, that Saint Cristobal shouldn't be sold to  foriners.



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