Ann: Peko Project Progress Update, page-39

First time you've commented on ELE, although I note your earlier 5 posts are all on NSL, IOR.
You were also a great supporter of the "dog with flees" management.
"I am a top tenner and very happy to support Ced and NSL." Post #:26483880

I do agree that ELE has turned the corner with new management, thats a good reason to invest when you have good management.
It's a pity not many realised that poor management and poor decisions were the downfall of NSL ,IOR previously.
Before getting too excited its best to see some results from the Peko project, its stacking up rather well at present as 65% iron ore concentrate moves to its highest level since mid Aug last year.
65% IO concentrate now at US$184.80/tonne AUD$255.75/t
Thats up US$25/t since the announcement on Xmas Eve. Thats a A$35/t improvement in price which should all be extra profit. This will result in A$8.75/t extra profit for ELE.


" We have all seen the excellent analysis of the Peko project and anticipated income."

Where have you seen the excellent analysis of the Peko Project, it certainly hasn't come from ELE. There has been no feasability on costs ie rail, road and sea. No production cost analysis that I've seen.
Thats one reason I want to see the Financials after a 6 month period, as its all guesswork so far.