-Gold exploration/Development in Canada
-Infrastructure and permit in place
-Finding more high grade material underneath resource & infrastructure
- Fairly low Market Cap
- Large oustanding shares (+270Mil SO)
Idea: once the 5.5c seller is gone, this has the news (and pending assays) to move back higher
ELC.v compared to their top 10 holdings. Note: Top10 holdings are roughly 35-40% of holdings. Individual weighting is not accounted for.
NAV for ELC was 64c at 30/09/2020. Dividend in place. Share buybacks in first 9M of 2020 was 190.000 Units