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ECR Minerals Share Chat (ECR)



Share Price: 0.17Bid: 0.16Ask: 0.18Change: 0.00 (0.00%)No Movement on Ecr Minerals
Spread: 0.02Spread as %: 12.50%Open: 0.17High: 0.17Low: 0.17Yesterday’s Close: 0.17


Share Discussion for Ecr Minerals (ECR)


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Howardjardine
Posts: 630
Off Topic
Opinion:Strong Buy
Price:0.22
View Thread (3)
Fingers Crossed
1 Oct '14
For MGA news today ... please !!
 
yan1965
Posts: 1,901
Off Topic
Opinion:No Opinion
Price:0.22
see
1 Oct '14
more buys today pi will want a footing here
Liquid_Gold
Posts: 1,358
Off Topic
Opinion:No Opinion
Price:0.22
Can today be news
1 Oct '14
A$80m tax losses = approx £14m twice our market cap

Tax loses will open up an RTO / JV .....is there a link to MCR or MTR or MAC

Deal / deals pending that are imminent

Fully funded
normab1
Posts: 314
Observation
Opinion:No Opinion
Price:0.22
View Thread (2)
RE: SP
1 Oct '14
monhs should read months b4 the grammatically correct awaken.
normab1
Posts: 314
Question
Opinion:No Opinion
Price:0.22
View Thread (2)
SP
1 Oct '14
been hovering hereabouts for last 8 monhs, what's going on with these people?
richy
Posts: 668
Observation
Opinion:No Opinion
Price:0.22
1st part 23.04 2nd 23.08
30 Sep '14
yep that's Stephen leaving everyone guessing and giving nothing away as per usual!
richy
Posts: 668
Research
Opinion:No Opinion
Price:0.22
mining maven interview
30 Sep '14
oo early to say which scenario is more likely to pan out.
MM: What are your thoughts on the gold market and the forward dynamic for gold and gold equities?
SC: As someone running a gold focused mineral exploration and development company I take the gold
price as I find it, not as I might wish it to be. That means being cautiously optimistic but also quite
conservative. The intention is not to be reliant on a future surge in the gold price to make our projects stack
up, but to select, conceptualise and execute projects such that they may still have investment appeal even
if the price were to fall further. Then if the price rises instead we will really be in a strong position.
I won’t offer any kind of gold price forecast. But I will say that in my view, ongoing fundamental
changes in the world financial system and the structure of the global economy coupled
with related geopolitical tension imply a reasonably positive outlook for gold.
www.miningmaven.com
Q&A
September 2014
MM: Are you still on the lookout for new opportunities and how is the search going if so?
SC: We are still very much on the lookout, and at any given moment we tend to have several
potential new opportunities under consideration. At the same time it is important to maintain
forward momentum with the Itogon project in the Philippines and the SLM project in Argentina
and not embark on new ventures simply because we can, as doing so could actually be
counterproductive. But if a new opportunity really makes sense then something could happen.
MM: Is the yes vote by creditors announced on 15 July 2014 the final major hurdle in the release
of Mercator Gold Australia (MGA) back to ECR and what are the remaining steps?
SC: It seems we are pretty close to the light at the end of the tunnel now with MGA. As announced on 15
September 2014, the administrators have despatched cheques in respect of a second and final dividend to
unsecured creditors, and it is our understanding that the further steps required before MGA can be released
from administration are fairly straightforward. As the end point draws nearer we are sharpening our focus
on options for MGA, and any material developments on that score will be notified to the market.
richy
Posts: 668
Research
Opinion:No Opinion
Price:0.22
mining maven interview
30 Sep '14
MM: Can you expand on the channel sampling results from the Itogon gold project in
the Philippines released by ECR on Friday 26 September 2014 and the significance
of these results in the context of historical and recent exploration work?
SC: Broadly speaking, our channel sampling at Itogon has been carried out for two reasons: to confirm historical
channel sampling data; and to go beyond that historical dataset by sampling in new areas to increase the extent
of known mineralisation and improve our understanding of the deposit. We have been successful in both regards
so far, and sampling is continuing. The information generated feeds into the planning of our next phase of
drilling, following on from the initial phase which was completed earlier this year with very satisfactory results.
MM: There is a technical report filed in Canada that sets an overall resource target for the
Itogon project of up to one million ounces of gold. Where can investors see that report
and to what extent do your results to date support the findings of the report?
SC: The report to which you refer was not commissioned or filed by ECR, and we don’t encourage anyone
to rely on the document. That said, it does make interesting reading and can be found on SEDAR.com
under the company name Tiger International Resources, Inc., our partner at Itogon. As far as the resource
target range given in the report goes, one can extrapolate in a basic way from the data ECR has released
to date and reach some quite significant numbers, but additional exploration, notably drilling, is required
before we will be in a position to estimate a resource. We expect to be drilling again later this year.
www.miningmaven.com
Q&A
September 2014
MM: What is the value generation pathway for Itogon, and does that end in a sale or production?
SC: For any mineral exploration venture the “value generation pathway” boils down to showing that a project
has significant, deliverable economic potential and to taking the necessary regulatory steps to permit
its operation as a mine, and doing so in such a way that the project is financeable at all key stages.
In the case of Itogon our exploration results to date are giving us the right sort of indications;
to add further value we need to complete more drilling, estimate a resource and complete a
feasibility study. This study would underpin a mining licence application, the success of which
would earn ECR its 50% interest in the project. So that is what we are working towards.
Let me express it another way. If in due course Itogon is sitting with a feasibility study showing
that it can be mined economically and a valid mining licence, then the project will clearly be much
more valuable than it is today, assuming other things (such as the gold price) remain the same. A
sale at or even some way before that point might make good financial sense, but so might pushing
on all the way to production. It is
Torahstudent
Posts: 285
Premium Chat Member
Observation
Opinion:No Opinion
Price:0.22
Posiitivity
30 Sep '14
....
Arsenal221
Posts: 29,926
Off Topic
Opinion:No Opinion
Price:0.22
Even
30 Sep '14
though we have been thinking for a while that MGA news, is close now we do know that it really is & then the following rns which will be giving Ecr/us a very nice looking rise + now we can also think on just maybe Itogon will be sold on sooner than many had thought of at nice level of £s. Obviously we also know that Ecr will be taking on another project, sometime in the not to distant future which will probably already be, fairly well advanced, as far as development is concerned.



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