Pussycat, ELL has done very well. After the purchase of U leases ELL will have about 160,000,000 shares on issue. At the end of the last quarter cash was $649,000 so they will need at least several million dollars to fund exploration. At 20 cents say 3 million, will be 20,000,000 shares for a total of 180,000,000, valuation is $36,000,000. Getting a little rich... might be a pullback in sight and haggling over placement terms. Looks very interesting might sit and watch to see what happens.
ELL
ellendale resources nl
