Member Info for AG1989

Been looking for a while for another entry point somewhere, currently in ECR & GGP, recently sold OMI

JV on board, historic grades look really good and am i right in saying IAMGOLD have just completed another 10,000m of drilling?

£12 million market cap does seem incredibly low here with plenty of gains yet to be made,fingers crossed

I think you might be wrong Dill but who knows.

They have one drill at Bailleston and it won’t be moved for a long time. So this proving up of Creswick will have to be completed in 8-12 months from now or they’ll have to fork more money for another drill.

The grades are there at Creswick and there’s clearly plenty of interest on the table. Proving up Bailleston ourselves in 2021 and signing a JV at Creswick in the near term should be the plan moving forward.

If all offers at Creswick are rejected, it’s not completely dead in the water because it’s still 100% owned. However it would seriously put a giant hand brake on any progress going forward.

Probably takes ECR over £3 million now

I’ve closed positions to build this one up as much as possible. Happy to play the long game now and comfortable with what’s ahead in 2021.

I think a lot have mis-read todays interview and RNS, I'm 100% sure the "offers", CB was referring to the Bailleston offers in time gone by. Hense why we're drilling it up more, prove it and strengthen our position to a JV

Like Rodney and Hoover say, communications remain extremely positive and advanced with regards to Creswick.

Very favourable site visit :D

Trek, ramp all you like :D agree with everything you say, it's vastly under appreciated and under valued

Yeah, I've re evaluated my near term expectations and even though a JV may not be imminent this month, the signs were still very encouraging. Licensed granted to drill at Creswick and a very favourable site visit has been carried out.

Talks of a second drill at Bailleston in maybe 6 months time, this suggests to me that the "drilling ourselves" comments still refer to Bailleston and CB is awaiting the right offer for Creswick knowing with the drilling history and understanding we have so far

Delighted to hear that before he quickly changed the subject to the old offers on Bailleston.

But as we'd have hoped, we now know that the site visit took place around the XMAS period and was "very favourable". Amazing news and astounded at the sellers after that interview. I'm topping up with everything i have. What a journey this is going to be

Just watched the interview back. Andrew Scott asked about the current state of Victoria restrictions and are potential partners able to come on site for a visit. Craig mentions that there were restrictions up until around a week before Christmas and since they've had a site visit and technical DD which has gone "Very favourably"

Missed this first time around and then changes subject instantly to the offers on Bailleston a while back. Creswick talks with this company may still be at an advanced stage

Investors just don’t have the patience. I was hoping to hear JV news in the near future and we still might, but I can’t see it coming for some time

I won’t be selling a single share, still my favourite growth play for 2021.

Be an interesting couple of weeks with the SP I think. Already dropped to 3.5p, without official assay news or any JV announcement I can’t see us breaking up and beyond the 4p barrier just yet

Still bullish, drilling commenced at Bailleston. Just keep sitting on those hands.

3 million in the bank
Only 2 full time U.K. staff
Minimal legal fees and rental fees of £1500 a month

Good to see finances being managed. Assays and any JV I can see taking a while longer but happy to top up if the sp remains at current levels.

2 great licenses, both gold in the ground and a drill already turning at Bailleston

Great to see ECR have close to £3 million in the bank
£10,000 a year in legal fees, £1500 a month in rent and only 2 full time staff in the U.K. good to see costs being managed

Maybe have to wait a while longer for any serious assays and JV news but a good update.

“Serious interest”

Happy to see action on the ground. Let’s see what we can prove up from Bailleston and Creswick.

They can’t give anything away about a JV however by watching that I’m not convinced we’ll hear anything in the foreseeable future. Offers there but keeps going back to the fact he wants the best deal for ECR and if that means we drill further ourselves, so be it

JTB - yeah I've read my comments back. I stand by them but even near term 14-20p would be exceptional returns as well as anything beyond that

Zeratul - yeah i appreciate that post, I wasn't stating we'd have a market cap of 800 million, that's why i mentioned AISC which would need factoring in. Revenue/profit isn't a direction reflection of market cap but its a rough guide.

GGP's market cap of 1.3 billion is probably around 300 million above their 30% share of the initial MRE number however there are other factors to take into consideration ie, Havieron growth, Scallywag, Juri JV

It wont be any different here. If we start to gauge those kind of figures in the ground, 2-3 million ounces, I'm confident of super growth here and why not, massively undervalued for me right now

A market cap of £668 million right now would be £1 a share

Once warrants are issued it may need a £700 million market cap, GIVE US THE NEWSSSSS!!!

2 million ounces at todays price (£1370) = £2,740,000,000

30% of that = £822,000,000

However that is before all associated AISC.

Bear in mind this is only for a combined resource of 2 million ounces and there's every chance ECR can discover multiple of this number

I don't think £1 a share long term is out of the question. Imagine a JV being announced at Creswick, 12 months of drilling at Bailleston and then another JV announcement, it will fly.

All depends what's in the ground but the sooner we announce the JV and a plan for Bailleston, the sooner we find out

Adding some to my sipp this week so need the price to hold a day or two :D

In comparison to those companies, the one thing you can strongly argue now is that ECR and its market cap are very undervalued. Although we are waiting an influx of company changing news, 2 licenses, outside interest and a recent history of golden nuggets, it should grow nicely from this point

Hate talking about other companies on here but I like how it relates back to ECR. ARB recorded revenue in November and December of 1.4/1.6 million respectively but has a market cap of over £360 million!! That’s insane. If has the capacity to expand but how long can these valuations last for, it made me think twice. A lot of money from across the AIM moved over there last week, I can see a lot of it coming back once the gains dry up

Nice to see Gino on Twitter. No nonsense says it how it is :D and rightfully so. The company sounds transformational from years gone by, however now is the time to push on and turn this “potential” into a company that’ll prove up multi million ounce deposits.

Rodney69 - couldn’t agree more and the money will come flooding back sooner or later. Seen a lot of PI’s on Twitter and a few in person that invested into ARB and crypto, most can’t tell you the first thing about it and are just following the boom

Dill - the 2 JV reference was meant 12-18 months down the line. It is a likely possibility. We do have our own drill which will be turning non stop I’m sure at Bailleston pulling the golden nuggets out of the ground. But if Bailleston is as big as we think, we’re going to need a lot more than one drill turning. That’s where the JV comes in providing: funding, finances, expertise, drilling equipment etc and that’s how they earn their 40/50/60/70% of the project.

But for now, we can plod along nicely and prove those grades up ourselves as 2021 passes us by, further strengthening its position.

And when in the long term we have 2 JVs on the go, we don’t simply throw the drill away. It’s an asset for life and can move onto Tambo or contribute to the exploration at Creswick and Bailleston.

Forget about the rise GGP has had. I’m talking from this point on, I don’t see another junior mining company that has the potential we have here with ECR. And other PIs will be looking at this as a ramp and see their company as a better option, and that’s fine. But I’m pretty sure this will take off. It might be next week, it might be March but it’s coming :)

Definitely tb, and yeah 2 JVs, both at licenses with proven grades, endless potential.