I asked ChatGPT to come up with the three key points in yesterday’s Eloro (ELO.T) press release: Expanded Survey Coverage: The press release highlights the completion of an expanded induced polarization/resistivity (IP/Res) survey at the Iska Iska Project in Southwestern Bolivia. The survey now covers most of the project, with east-west lines completed every 200m across and southeast of the Santa Barbara mineral resource. The use of a deep-penetrating array of 50m and offset 100m dipoles allows for a depth of investigation approaching 400m.
ELO is in no mans land now. The speculation crowd that fuels price rises when drill results are coming out and dreams of how big the deposit may be are gone. The long term big money investors will wait until mining operations are ongoing. Unless they expand the resource with new drilling in the indicated area from the last release there is not a lot of exciting news on the horizon and therefore not a lot of news results to move the stock. Its a long slow grind from here. And I say that as someone that thinks ELO is enormously undervalued. Metallurgy shows profitable smelter process and the amount of ounces of silver and tons of other metals shown by the company in their presentation would indicate there is a big mismatch between the company value and the stock price. But the question, as always, is how long until the stock price reflects the implied value?
Market got confused with El oro. Sheer size is fantastic but confusing. Polymetalic NSR grade report confused the market. Wide spaced drill holes led resources model to degrade rich ness of silver ore, and is confusing to explain.
Potential tin porphyry confuses, Tin under appreciated. Side project Mina Caseritas
Also distracting and confusing.
But such confusion and myopia are opportunity to make money while market snoozes ;-$
ELO is in no mans land now. The speculation crowd that fuels price rises when drill results are coming out and dreams of how big the deposit may be are gone. The long term big money investors will wait until mining operations are ongoing. Unless they expand the resource with new drilling in the indicated area from the last release there is not a lot of exciting news on the horizon and therefore not a lot of news results to move the stock. Its a long slow grind from here. And I say that as someone that thinks ELO is enormously undervalued. Metallurgy shows profitable smelter process and the amount of ounces of silver and tons of other metals shown by the company in their presentation would indicate there is a big mismatch between the company value and the stock price. But the question, as always, is how long until the stock price reflects the implied value?
Market got confused with El oro. Sheer size is fantastic but confusing. Polymetalic NSR grade report confused the market. Wide spaced drill holes led resources model to degrade rich ness of silver ore, and is confusing to explain.
Potential tin porphyry confuses, Tin under appreciated. Side project Mina Caseritas
Also distracting and confusing.
But such confusion and myopia are opportunity to make money while market snoozes ;-$