ELE might just get interesting. Of course all depends upon the substance of David's scratching, but if it unfolds how it's been represented, then ELE truly might morph into something valuable.
A couple of things:
1. Balance sheet is just a best guess based on quarterlys. I'm not convinced they get the extent of love that audited results do so anything is truly possible. This is true for what amazing things have not been included
2. There is a 20koz gold royalty floating about which is not loose change. This is not showing in any balance sheet and only occasionally gets any airplay at all.
3. There is some confronting undertakings associated with the prepayment which will make or brake ELE: delivery 120kt wmt 2nd half CY23; minimum delivery 300kt wmt per year thereafter. Certainly no great track record here but its on record.
A real watch this space me thinks and like
@ACEMINER, I too am always looking for the good in people and projects.
Have a great day
