After all yesterdays postings that the overhang had gone, interest is building, RNSs will be imminent I expected this to be in the high 0.2's .......LOL ,,,,oh no , wait a minute, it was the same over excited drivel that get post EVERY time this goes up by more than 0.01 in a day...no wonder some newbies get put off sticking with ECR when their hopes are raised again and again with little/ no substance repeatedly
As you know I am invested here and do think this will rise with (plenty of) news coming in the mid -term , but this borderline (dancing of both sides of the line) ramping that happens on every rise does not help the credibility of the BB and probably does more harm than good.
Nice to see this up from last week and would personally like to see this consolidate the high teens before the drilling complete RNS (I presume this will be confirmed by RNS?). We may get another YA conversion RNS first and lets hope for a surprise SLM update....I still think an MGA update is another month or two away, but we may be surprised.
Anyway I'll sign off with two ramps: 20p by Xmas (Higgs) & 1p by the end of 2014 (LG) ....oh, thats like poking a tiger with a stick ....all in good fun LG :-)
As posted previously the tag line "near term " with SLM in mining terms = 2 years
ECR have had the plot previously before putting up for sale with data and the last 12 months of new data from additional areas JV14 in particular that the old BOD missed, Mr DIck Watts on the ground there must be in a postion to conclude a mining opportunity
CAPEX - no problem High grade - yes Low tonnage = low expenditure Close to surface - yes
Commercial - we wait and see
10000 Oz is the target per year and a nice little cash generator while the monster at Itogon progresses
And while the MGA sleeping giant is disturbed
And while the highest grade Lithium lights up in Thailand
And MAC sits doing sweet nothing until 2016/17 in the back pocket
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