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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: 0.22High: 0.22Low: 0.22Yesterday’s Close: 0.22


Share Discussion for Ecr Minerals (ECR)


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richy
Posts: 614
Answer
Opinion:Hold
Price:0.24
nightyard
25 Aug '14
don't start if u aint got nothing better to add you aint no better and it is a case in point that some people don't know the days of the week here let alone what comes next with ecr. still I will leave you retards to play amongst yourselves until some decent news comes along
 
nightyard
Posts: 405
Off Topic
Opinion:No Opinion
Price:0.24
RE: forest
25 Aug '14
Richy, go grind your petty pedantic axe somewhere else.
forest4032
Posts: 3,310
Off Topic
Opinion:No Opinion
Price:0.24
for the sake
25 Aug '14
of argument International standards have made Monday the first day of the week as this is usually the first working day and Sunday the last day and a day of rest

... but ...

historically, Sunday was the first day ... that is because Saturday was the Sabbeth for both Christians and Jews (the seventh day and a day of worship and rest, >>>>however looking forward to the next few weeks ATB F
johngilchrist
Posts: 3,691
Off Topic
Opinion:No Opinion
Price:0.24
View Thread (4)
RE: lg
25 Aug '14
Complicated question. Edison have a Value of Gold in the Ground valuation method which might be of interest - http://bit.ly/cXUNul

Average Value of Gold in the Ground (explorer) = $108/oz
Average Value of Gold in the Ground (producer)= $488/oz
Average Value of Gold in the Ground (Measures/Indicated) = $98/oz
Average Value of Gold in the Ground (Inferred)= $21/oz
Assumptions:
Assumed PoG = $1676/oz
Assumed Cost = $951/oz

The above is just a set of blended averages across actual company valuations, so there is no accommodation for key cost drivers like:
1. Location, Location, Location. : Cost of production per oz in Phillipines will be as low as $350/oz - see Medusa Mining for reference figures. Which is $600/oz cheaper than Edison's worldwide average
2. Open Pit resource - vastly cheaper to extract than underground resource
3. Free Milling or Ore requiring expensive refractory processing ? again significant difference in costs.
4. What infrastructure exists? i.e. building roads and power plants is expensive

Itogon project details so far suggest,
1. good proportion of open pit resource
2. high extraction rates I believe have been mentioned, so the ore appears amenable to cheap "Free Milling"
3. existing infrastructure which will keep CAPEX down

BTW. Has anyone got a spreadsheet model for such a valuation? as it would be rather convenient.

Too many parameters to come up with a reasonable valuation at present, and we have no real clarity on the all important indicated versus inferred category of our potential resource.
richy
Posts: 614
Answer
Opinion:Hold
Price:0.24
chud
25 Aug '14
yeah ok if u say so dude!
fishing
Posts: 1,734
Answer
Opinion:Strong Buy
Price:0.24
chud
25 Aug '14
and me anyway iam looking for updates on slm and itagone this week
chudleigh2
Posts: 53
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.24
View Thread (2)
RE: rich
25 Aug '14
Sunday is considered the start of the week for millions of people (including me).
fishing
Posts: 1,734
Answer
Opinion:Strong Buy
Price:0.24
View Thread (2)
rich
25 Aug '14
I ment thIs week calm down mate
richy
Posts: 614
Question
Opinion:Hold
Price:0.24
fishing
25 Aug '14
how can yiou be looking forward to news this week on a sunday when everyone knows the market does open until Tuesday next week?!! come on now calm sort it out.
fishing
Posts: 1,734
Question
Opinion:Strong Buy
Price:0.24
View Thread (4)
lg
24 Aug '14
If over 500 oz proven whot is the estemated sale price for ecr .and sp for us ?



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