Sphene Capital Maintains Buy on Eloro Resources, CAD 18.00 Price Target
Bitget2026/10/16 12:09- Sphene Capital maintained its Buy rating on Eloro Resources in an October 16, 2026, research update.
- The 24-month price target remained CAD 18 per share, based solely on Bolivia's Santa Barbara Breccia Pipe, excluding other assets.
- Drillhole DSB-96 intersected 87.10 meters grading 73.26 grams per metric ton of silver at the Iska Iska project.
- The research firm viewed the drilling results as progress toward geological de-risking rather than establishing economic viability.
- Commercial viability hinges on demonstrating that an attractive portion of the deposit can be mined, processed and financed under realistic assumptions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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