ELK is cheap given its current rates of production.....however given the large probability of ELK hugely increasing its level of production in the very near term, a surge in ELK's share price to 50c+ cannot be far away.
A positive announcement on the proposed CO2 program could see ELK moving towards $1 again.
ELK has very little if any downside and very significant upside potential with a low risk profile.
ELK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held