1: I have not valued the company you mention, nor do I intend to. nor do I intend to post on their bb, perhaps they are undervalued, I do not care. 2: your comment ..." two aim gold miners (cough)," is exactly why I dislike your posts. what's the rather pathetic 'cough' about? don't answer, it's a rhetorical question. the reason for inserting such digs is completely obvious to all.
ok squiff you made your point but is anyone replying with "hey good call squiff fook ecr I am moving to omi" people are waiting here for what they see as good news in the near future as outlined by ecr.
a valid comparison of two aim gold miners (cough), and hilighted the valuation gap, which would possibly be useful to ECR holders looking to work out what value to put on ECR if they ever got to the stage of producing 65000 oz of gold a year... earning $105 in revenue from it, and after starting from scratch building up producing mines with $5m in the bank, and just $8m of debt....
and then YOU were the one who brought the "bitter and twisted" to the table...
Question for you: Could ECR borrow cash tomorrow and get mines up and running in SDLM and ITOGON and get to 65000 oz of gold in a year with just a couple of million ?? thats effectively what they would have to do to be on the same valuation page as OMI....
"Under the terms of the earn-in, ECR will fund all expenditure required for Cordillera Tiger to obtain a mining licence, and through Cordillera Tiger, ECR will be the operator of the Itogon project during the earn-in. After a mining licence is obtained ECR and Tiger would fund development of the project pro rata, or the non-funding partner would be diluted"
but it'll be factored into the SP anyway so why is it worth mentioning?
thought i was filtered ?? and i wasnt ramping omi... just pointing out the steep curve that ECR has yet to work through.... and that even if they could achieve that sort of terrific success, the apparent reward based on MCAP is a paltry £3m above todays price....so anyone looking for a gold play on AIM would be insane not to cast an eye over OMI before investing in ECR.
yet again I ask, why do you care? you have your perceived 'valuation' and choose not to invest (this time) yet you feel the need to keep harping on about it. you say those not listening are like 4 year olds. I say those that keep repeating themselves to no purpose are even more childish
Talking Sense posted "That would be great news as the costs would then be split 50/50 with Tiger from the point where we obtain the mining license as opposed to our 100% cost liability at the moment. It would indeed be a massive step forward."
Are you sure about this? Can you post the RNS in which this issue is covered?
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