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ECR Minerals Share Chat (ECR)



Share Price: 0.235Bid: 0.22Ask: 0.25Change: 0.00 (0.00%)No Movement on Ecr Minerals
Spread: 0.03Spread as %: 13.64%Open: 0.235High: 0.235Low: 0.235Yesterday’s Close: 0.235



Share Discussion for Ecr Minerals (ECR)


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JDwag
Posts: 1,483
Off Topic
Opinion:No Opinion
Price:0.27
View Thread (5)
RE: MM's
8 Jul '14
Hi TS...Agree, I still think however, that it isn’t ECR or any other miner I am invested in that is the problem, they just aren’t in favour ATM. That will change in time however.

I still think Gold will have a massive bull run in the years to come and for that reason I still invest in companies that are at early stage gold exploration and proving as I think there is massive value here given time.

ATB.

JD.
 
TalkingSense
Posts: 4,140
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:0.27
View Thread (5)
RE: MM's
8 Jul '14
Hi JDwag...there is just not the volume to move the SP further...either the MGA news has just not hit the radar, everyone who wants in is already invested, or prople are taking opportunities elsewhere and we may see a late rush at the end of this week/ start of next.

A nice dilemma to have this month, whether to top slice on MGA news or hold for Itogon & SLM sampling updates which could push this to a new level.
If the board drop these updates next week as well things could get very exciting here in a short period of time!!!
JDwag
Posts: 1,483
Off Topic
Opinion:No Opinion
Price:0.27
View Thread (5)
MM's
8 Jul '14
Seems like they are happy to walk this up slowly, happy days if they continue this pattern for the next 7 days or so until the MGA Administrators meeting. The big value long term however is Itogon, it will be interesting to see how the 100 samples / trenching results come back as it will help delineate how large they believe the Itogon ‘Pay Zone’ is, should get this in ‘July’ so a great news stream this month with some SLM to possibly comes as well.

JD
TalkingSense
Posts: 4,140
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:0.26
Dean
8 Jul '14
So I take it you have dipped your toe in to the ECR well again?
linandy1
Posts: 905
Off Topic
Opinion:No Opinion
Price:0.26
Nice
8 Jul '14
to see a visit back to the a pleasant board today
no need for the name calling and attacks .......sad to have to see
would hope that admin picked up on this yesterday
AntonKett
Posts: 1,958
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.26
View Thread (2)
RE: Dean
8 Jul '14
Good to see DeanWhingeArse is still looking out for us ECR holders.

How sweet Dean. x
DeanWindass
Posts: 1,092
Off Topic
Opinion:No Opinion
Price:0.26
Talking Sense
8 Jul '14
Yip. Buys taking it a few clicks up, a few profit takers moving it a click or two down then the usual flurry of buys taking it up again ending 2 or 3 % up for the day. It's amazing how far an SP can rise in little baby steps avoiding volatility that scares some away.
Liquid_Gold
Posts: 285
Off Topic
Opinion:Strong Buy
Price:0.26
Itogon looking good
8 Jul '14
This article shows our neighbours payback on CAPEX of only 14 months and they have 1/2 of what I believe we have.

They used historical data too and modern techniques to unlock an amazing 82% increase in resource

Itogon is now as we speak planning phase 2 drilling with 3D mapping and I'm so looking forward to the progress made
_________________________________________________________________________
July 7th: Miner sees more gold in Batangas.

Red Mountain Mining Ltd. has increased the high-grade resource of its Lobo prospect in Batangas by 82 percent, or 37,000 ounces of gold, to 82,000 ounces.

The Australian firm said in a statement that it already updated a previous mineral resource issued in January 2013 following results from ongoing drilling and trenching activities in Lobo town.

The Lobo mineral resource estimate, the company said, now stands at a total indicated and inferred volume of 604,000 tons of material, at an average grade of 4.2 grams of gold per ton.

Jon Dugdale, managing director of Red Mountain, said the increase in Lobo’s mineral resources was in line with the company’s strategy of extending the mine life of the planned Batangas gold project.

Along with resources from another prospect called Archangel, Red Mountain’s total resources in Batangas is now pegged at 444,000 ounces of gold.

“The key to the success of this project is the high grade of our initial planned production, and the potential to pay back initial capital very quickly and generate high-margin cashflow from day one,” Dugdale said. “Our exploration teams continue to discover new prospects with the objective of identifying drilling targets for future resource upgrades.”
Last March, the company announced itwould look at building a gold mine in Batangas next year after a scoping study confirmed that a “low-cost, early payback” operation is “strongly viable.”

The projected revenue is pegged at about $121 million, while capital cost was estimated at about $15 million.
According to the scoping study, which pertains to the early stages of a project, the pre-production capital cost may be recovered in just 14 months.

Also, the planned project is expected to provide at least $7.2 million in royalties and taxes for the national and local governments.
TalkingSense
Posts: 4,140
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:0.26
View Thread (2)
Dean
8 Jul '14
Yes I agree...a day of drifting up and down , but ending a couple of percent up.
Would be nice to be around the 0.28 - 0.3 range by end of play on Thursady , then hopefully break through the psycological 0.3 barrier when anticipation grows on Friday and then where it ends up on Monday is anyone's guess.
Unfortunately this does mean that Tall Chap will be whining about us not being above a penny and the corrupt MMs for a few more days (TC - we would not have it any other way :-)

Unfortunately I am travelling on Monday & Tuesday next week and will have intermittant internet access which is not good news.
HOMER1234
Posts: 320
Off Topic
Opinion:No Opinion
Price:0.26
DEANO
8 Jul '14
Thanks for your wise words !! All ECR holders will be sleep easy tonight after reading your post. WAT.



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