Added to YB: 2026-08-12
Pitch date: 2026-08-10
ELK.AX [bullish]
Elk Range Mining Limited
-2.56%
current return
Author Info
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Company Info
Elk Range Mining Limited engages in exploration, development, and mining of mineral properties. The company primarily explores for gold and silver.
Our New Pick: A Gold Mine for a Fraction of What it Cost - Elk Range Mining Limited
ELK.AX: ASX-listed gold explorer at 20c, ~$25M mcap, $10M cash; Idaho Gold Project priced ~$15M vs US$40M last owner spent on permitted, recently-producing mine (built decline, mill, lab). Historical drilling: 5g/t over 110m ending in mineralisation. 6,000m drilling weeks away to validate/expand. Experienced board w/ multiple $20M-$500M track records. Gold tailwind (US$4,340/oz, central bank buying). Risks: unvalidated resource, milestone obligations, future raises.
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