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ECR Minerals Share Chat (ECR)



Share Price: 0.22Bid: 0.21Ask: 0.23Change: 0.00 (0.00%)No Movement on Ecr Minerals
Spread: 0.02Spread as %: 9.52%Open: 0.225High: 0.225Low: 0.215Yesterday’s Close: 0.22



Share Discussion for Ecr Minerals (ECR)


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richy
Posts: 570
Answer
Opinion:Strong Buy
Price:0.30
NMH19
11 Jul '14
why the rise? try reading the last RNS out.
 
nightyard
Posts: 365
Off Topic
Opinion:No Opinion
Price:0.30
repost for last time
11 Jul '14
it should be painfully obvious that there is some quick £££ to be made by getting in now for the news RE: MGA on the 15th given that ECR have been waiting 5 years for it to be released and countless people have said it holds significant value for ECR.

LET US NOT FORGET.... the actual reason people should INVEST here is for the Itogen gold project which is expected to yield 1,000,000 ozs of gold with very low extraction costs.

1,000,000 ozs @ $1,320 per oz with extraction costs (based on neighboring gold mines) at $350 per oz,leaving approx $1,000 gross profit an oz.

50% of 1,000,000 = 500,000 oz for ECR = $500,000,000 over the 10 year life of the mine.
so $50,000,000 gross per annum when production is reached.
net profit may be half this figure due to Philippine mining tax, I don't know exactly but that leaves $25,000,000 net profit per annum OR £14.57m at current exchange rate (£ is currently very strong)

our market cap is £8m currently.
Itogon may well yield in excess of £14.57m net profit per annum for the duration of the mine (10 years)

MGA+ ITOGON +THEMAC + SLM...all for £8m.

Whilst currently ECR's asset valuation supports its current market price with the balance sheet gap being due to anticipated returns, it still looks like ECR is a bargain at its current price.

for those unaware of SLM and THEMAC.
SLM is a wholly owned piece of land which significant grades of near surface gold which whilst not an enormous reserve SHOULD yield near term mining and a cash flow to support operations elsewhere.

THEMAC is a long term investment, ECR owns a significant minority share in the company which owns a huge copper flats mine which also has a potential gold reserve. Copper is currently increasing in value as previously mentioned.

As always, do your own research and invest what you can afford to lose, but at these levels, ECR is as safer bet as you are gonna get on AIM with sigificant upside in the short/medium/long term
nightyard
Posts: 365
Off Topic
Opinion:No Opinion
Price:0.30
NMH19
11 Jul '14
how about you read like say... the past 20 posts on this board and you might find out.
NMH19
Posts: 1,202
Off Topic
Opinion:No Opinion
Price:0.30
why the rise??
11 Jul '14
Really should not knock it but why the rise??
squiff
Posts: 8,935
Off Topic
Opinion:No Opinion
Price:0.30
nice rise!!!
11 Jul '14
well done all..

hope it keeps going for you net week..
atb & gla
nightyard
Posts: 365
Off Topic
Opinion:No Opinion
Price:0.30
View Thread (3)
RE: is it unrealistic
11 Jul '14
it is true that the long term potential in ecr is absolute fantastic and we will see REM type rise in due course, when ECR get a JORC for their Itogen play we will see huge increases
AntonKett
Posts: 1,963
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.30
View Thread (3)
RE: is it unrealistic
11 Jul '14
I'm looking to the whole of July / August, not just to Tuesday, hell, i'm looking to the year end with optimism.

Good day people.
gino29
Posts: 1,350
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.30
View Thread (3)
is it unrealistic
11 Jul '14
To suggest we stop thinking and looking to tuesday for the rns......I can see this dropping on wednesday
bouncer
Posts: 7,309
Off Topic
Opinion:No Opinion
Price:0.30
moving
11 Jul '14
.31 paid!!!!!!
bouncer
Posts: 7,309
Off Topic
Opinion:No Opinion
Price:0.30
roll on
11 Jul '14
not got the breakout today but it WILL happen monday



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