Another good day to pick up cheap ELE shares, added another 200,000 at 3c. I just sit in the queue and wait for some goose to sell.
Peko is going to be funding ELE for years, producing high grade iron ore concentrate is likely to be at a higher price going forward. ELE is in a unique situation, with minimal road transport to the rail head and the ore already at the plant benefication site.
Give ELE a year and the share price should be closer to 10c than 3c.
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