Eloro Resources (TSX.V: ELO) | Iska Iska Update with Dr. Bill Pearson
Dr. Bill Pearson, Executive VP of Exploration, discusses the latest results from Iska Iska from the company’s recent news release with Cory Fleck of the KE Report.
Read the Full News Release: https://bit.ly/3hy7rMU/
Learn More: https://elororesources.com/
Maybe this is what finally starts to force the market to increase the price for Eloro. Looking forward to the next drill hole results aiming to go through the middle of this thing.
Yeah it’s crazy how a discovery this large can still be a sleeper
Nah, it’s in Bolivia…
FILO is located at 5,000 m altitude split between Chile and Argentina and still gets $1.8 B valuation. ELO is crazy cheap
This last drill-hole was clearly what investors needed ‘to forget’ (at least for now) that the deposit is in Bolivia, a country in the top 10 worst jurisdictions in the world.
Even if a discount were warranted the price should move up on good news/results, which until this week has not happened. A reminder that in 80+ holes that have been drilled at the project every single one has hit economic intercepts. Tell me where that has happened elsewhere and I will show you a world class mine with 30-40+ years of operation. And then lets look at where they were in their process to have a similar valuation as Eloro even with some discount that you think is warranted. Even if it had a 50% discount from what it would be in say BC or the USA this thing is very very cheap. upside/downside is probably 1000% gain vs 100% possible loss although even in bad news its still going to have some low value so even if it were nationalized you would have a chance to get out before it was $0.00 so the loss is very likely to be no more than 90% at most. 1000% gain vs 90% loss is a pretty good bet to me. And I disagree with Jasper and think the downside is virtually zero.
… maybe I buy some shares afterall, hate to be wrong without in case the MC hits 1B 🙂