If You Want to Own Eloro, Buy Cartier
I’ve written a number of times in the past about Eloro, the Tom Larsen run company with the potential multi-billion tonne silver/tin deposit in the south of Bolivia. I love the company and the potential. I have participated in private placements and bought shares in the open market.
But if you like Eloro it would be cheaper to buy it through Cartier Iron, run by the same management team. CFE own 2.2 million shares of ELO worth $8.91 million today. CFE has about $2.5 million in cash over current expenses. So the investment in ELO and the cash on hand total right at $11.41 million. As of the close on Wednesday CFE had a total market cap of $10.5 million. But almost a million more in cash and liquid investments in ELO.
Cartier is currently in the midst of a 10,000-meter drill program on their 100% company owned Big Easy gold project. As of a month ago CFE had completed about 3,500 meters of the 10,000-meter drill program. Results should start to show up soon.
I have participated in private placements in both Eloro and Cartier and bought shares in the open market in both companies. Right now Cartier is a cheaper way to buy Eloro shares. Do your own due diligence.
Eloro Resources Ltd
Cartier Iron Corp