ell has a joint venture with canadian company called
caldera resources at mt sarah. they both have 50%.
before the mt sarah em report cdr went from 7 to 16
cents canadian,they are currently trading at 12.5.
that caps them at 8mill aussie.
ell should be worth more than cdr because of there
other interests other than mt sarah.
ell is only capped at 4mill aussie.
hopefully the market wakes up to the difference
between the two.
ELL
ellendale resources nl
