RE: Criminals18 May 2026 08:41
I too, I’m sick of just numbers on a page, the constant drilling and dilution, with no returns. I personally don’t mind dilution, if it comes together for the growth of the company, which I believe this is what it is.
And albeit these are just “numbers on a page”, we now have a pathway to production, and the company are firing on multiple fronts
Raglan - a potential 900 oz from phase 1 alone. From the 16g, 3 pit test in February and the gold recovered from the recent 1000 tonne test, it’s evident to everybody that we have Gold at Raglan, at very shallow depths. Easy to extract.
Blue mountain - our FIRST potential company maker. Another easy to extract, alluvial gold system with mining grants expected in 2026. Predicted to contain tens of thousands of ozs, maybe a lot more once real exploration is carried out.
Maddens Flat - 50% interest - from the next phase 2,500 oz, with average produced grades at 25g/t which is extremely profitable. ECR invested $1m to execute the next phase in the decline and production expected within the next 3-6 months. Infrastructure all in place
Saltbush - 20% interest - expected to be in production mid 2027. Another simplified system with a potential of up to 10,000 oz with a maximum depth of only 20m. An open pit cut which should yield excellent results.
Tuckanarra - 80% interest - adjacent to a 407,000 oz resource which is believed to run into the NNE of our very own tenement.
This is what I bought into. Production, if we want to one day get away from dilution, we need to be able to fund ourselves from within. This is non negotiable. It really is. That’s not to say there’s no hard work ahead, because there’s plenty and the board really have to deliver now. But the near term and mid term future here looks brilliant, especially at a mere £8m MCAP. We should clear that number, and some, in cash alone in the next couple of years.
One element which severely goes beside the way side here, is that we have existing infrastructure in place to carry out production. These are assets that is acquired brand new would stretch into the millions of $, without question. It’s all set up, ready to go with the teams in place.
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