It is amazing what can happen in a relatively short period of time. ELK assets are great, the SP reflected ELK inability to get any of their projects up and running.
I have also bought a heap of shares between 50c and 70c based on the potential at Grieve alone which is worth >$1.50 ps. This has always been a long term play and I am glad that I have averaged down over the last 12 months.
If the Uppersands turn out to be economical then ELK could feasibily be above 70c next week.
DJ
ELK Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
