Hi, a bit of research in this post that may be of interest to...

Hi, a bit of research in this post that may be of interest to those intending to invest here for the long term.

CMT - this was always a little known & lightly traded junior O & G company despite having O'Keefe as it's largest shareholder. I believe he was on the register as their strategy to succeed was long but astute.  They had an offshore gas tenement in W.A. adjacent to Shell's Palta ( duster unfortunately), onshore properties in PNG leveraging off future developments in the highlands by Exxon, Oil Search & others and then aquired a 1 tcf gasfield offshore with plans to commercialise using a floating vessel.
The USA shale revoltion came along - oil price tanked & oil-linked gas price followed which made CMT's PNG project uneconomic - hence the sale for approx $5 million in 2016.

O'KEEFE - while this was going on, he was busy progressing an early-stage high grade iron ore project near Shefferville, Northern Quebec, Canada via ASX listed Mamba Minerals which then merged with Champion Iron (ASX & TSXV: CIA) who had one of the more advanced Iron Ore projects (Fire Lake North) at the Southern end of the Labrador trough much closer the the seaport of Sept-Isles. True to form, he then acquired, at the bottom of the marlet, the recently closed Bloom Lake mine complete with it's own railway which links to the main line to the seaport. Have a look at the charts in this article:

http://www.globalminingobserver.com/michael-okeeffe-in-charts-161/

Bloom Lake is due to re-open in 2018.

TOM LARSEN - Current CEO of Eloro Resources (TSXV: ELO) was the previous CEO of Champion Iron until O'Keefe took over post Mamba merger. What is less known is that he also the CEO of Cartier Iron (C.CFE) a barely traded Canadian micro-cap of around $2 million whose main asset is an earn-in JV with CIA on one of CIA's properties known as the Gagnon Holdings.

http://www.cartieriron.com/properties/gagnon/

This is an asset that will become valuable once a new multi-user railway is built from the seaport to CIA's Fire Lake property - rail feasibility study completed but being reviewed by the Quebec Government.

Cartier Iron has little cash but holds 3 million Eloro shares currently valued at around $2.2 million (the entire market cap of the company). They previously had 5 million Eloro shares but transferred 2 million shares to CIA last year in lieu of a $1 million payment required as part of the Gagnon JV  earn-in option.

Anyway, the point of all this info is that Cartier Iron have recently signed an LOI on a Chilean Gold property:

https://globenewswire.com/news-rele...etter-Agreement-on-Chilean-Gold-Property.html

Given that they will be spending approx $2.5 million on their earn-in, if they proceed, then I believe they will fund this with either a transaction involving their Eloro shares which could be worth a lot more in the future as La Victoria, Peru advances and/or bring on another partner such as EHR Resources into the project.

It's very early days as Larsen going through initial due diligence process - but this could turn out to be a future play for EHX given O'Keefe & Larsen's collaboration so far.

O'Keefe advances Iron ore in North America while Larsen takes care of Gold in South America!!

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