I did a Substack about Eloro (ELO.T) on March 1. At the time it was trading at $3.30 for a market cap of $240 million. Today it is looking to close at $4.00 for a market cap of just under $300 million. The obvious explanation for the share price rise is that we are getting closer to the 43-101 Resource Estimate which the company predicted would be ready at the end of March. If it’s on schedule, and 43-101s are often a bit late, we will finally have an estimate of the silver and tin at Iska Iska. Potentially, there could be a billion tons of economic rock.
LOL...Back up to $4.00 as I write. To be honest, the daily fluctuations are a bit irrelevant. What I am looking forward to is the 43-101. With that in hand - and it may be fairly conservative - it will be possible to get a back of the envelope value for Iska Iska with hard numbers.
LOL...Back up to $4.00 as I write. To be honest, the daily fluctuations are a bit irrelevant. What I am looking forward to is the 43-101. With that in hand - and it may be fairly conservative - it will be possible to get a back of the envelope value for Iska Iska with hard numbers.
you say that Eloro is today close to trading at $4.........as of today March 23/ 2023 it is only trading at $3.50........lol
thank you for the update on Eloro...........i bought it on May 2022............