Junior Miners: Eloro Resources’ Phase Change

Big news coming very soon

Think of a mining company’s life as a step function. It starts out as a handful of guys with a piece of land that a geologist told them might contain rocks worth digging up. They raise some money through a modest IPO, hire one or two drills, and start poking holes in the ground.

Some of the drill results turn out to be impressive. And boom, the stock spi…