RE: ECR on Track7 Mar 2021 13:44
Yeah likelihood is there won’t be anything as big, or near the size of Havieron, that thing is a monster.
But the beauty here, there doesn’t have to be. With a £30 million market cap, you have to dig into what the company are doing to increase this.
For starters they’re attacking the market with not just 1, but 2 good sized projects. Projects ECR have drilled in the past and come out with grades at 44 g/t (upgraded I think to 80 g/t). CB has gone and purchased ECR their very own drill which won’t stop turning all year, with a possibility later in the year to purchase a second. Plans to build your own lab. And like Trek said, the majority of cores they then decide to send off for testing, will have already been cut down and analysed back at Bailleston. Making the company confident in releasing positive assays time and time again.
Whilst drilling continues at Bailleston (slowly adding value to the market cap IMO), work will begin at Creswick. The one I dig into Creswick the more I get excited.
I can see a nice rise at some point between now and mid Q2. Whether we maintain that level or climb higher, or drop? Is anybody’s guess. That’s the time you need to take a step back, remind yourself why your investing and the fundamentals in the company. Long hold with plenty of action and news heading our way throughout 2021 and beyond.