/biz/ - Business & Finance

>>25293487
>>25293868

Have brought up Eloro on a regular basis ever since I first introduced it to /pmg/ a few months ago. I intend to hold my shares for the long term, since my thesis for buying in the first place was that Quinton Hennigh claims that the property may have a billion ounces of silver. DSV has a billion ounces, but is 6x the mcap of ELO even today. This write-up by @Goldfinger is an excellent place to start learning about Eloro:

https://ceo.ca/@goldfinger/a-junior-silver-explorer-that-checks-all-the-boxes

"Eloro Resources Ltd is focused on the Iska Iska Project near Potosi, Bolivia. Iska Iska has never been drilled and it is situated near world-class deposits in the department of Potosi, Iska Iska is in the southwest part of the Eastern Cordillera, which hosts a number of major polymetallic mines and mineral deposits.

A little bit of background on Potosi will quickly alert a junior mining investor to the vast potential that exists here. When the Spanish Conquistadors first arrived in South America, Potosi was one of the first silver discoveries made when a farmer slipped on a mountain ledge and uncovered a sheet of almost pure silver under his feet. This discovery happened in 1545, and over the next 200 years more than 40,000 tons of silver were shipped out of the town. Mining in the 16th and 17th centuries used archaic methods and a lot of manpower. They didn’t go very deep because they simply didn’t have the tools to do so, therefore, most of the silver extracted from Potosi was near surface."