RE: New research note out on #ECR12 Jul 2025 14:27
Having skipped through the report initially, because I pretty much know the story, I have now re read it fully.
This is a very comprehensive and professional round up of where ECR are, what they have, and the exponential potential to transform how the market values their assets. Well done Share-Talk.
As of the end of March ECR still had £870k in cash, which fully funds their projects until at least the end of 2025, with revenues from production likely to play a part in future funding going forward.
ECR are in a highly attractive position for investors...particularly at 0.2p!
The price of Gold, at $3300/oz, is very unlikely to drop with the current global uncertainties, and with ECR's estimates for production calculated in February when the POG was $2790/oz, I'm still a bit bemused as to why the share price is still floundering.....although to be fair, I do understand that the market waits for their estimates and calculations to be confirmed by real gold results at Blue Mountain...not long to wait.
And of course its not all about BM, as set out in the report.
Spanning more than 900km² in Northern Queensland, Lolworth is ECR’s largest project by land area. It’s also
perhaps the company’s most exciting exploration opportunity.
Over the past two years, the company has carried out extensive fieldwork, stream sampling, trenching, and rock
chipping.
Results have consistently pointed to widespread gold mineralisation, with grades of up to 14.7g/t Au identified
from sampling at surface across multiple gold-bearing quartz vein systems. In key prospects like Gorge Creek
West and Uncle Terry, trenching has revealed broader zones of gold, including intercepts over 11g/t and 4g/t Au.
Sampling from the Fat Hen Creek prospect returned up to 1,245ppm Au, or 1.2kg equivalent.
Other tenements across 6 projects in Queensland and Victoria making up the total of 1755 square km include..
Bailieston, another potential company maker, with its previously announced very lucrative Antimony potential.
Then there's Creswick and Tambo...
Rock chip assays from direct outcrop and exposures around and within the old workings include gold values of
up to 22.85g/t, 26.26g/t, and 52.g/t.
Perhaps ECR’s most important asset is the A$75 million in accumulated tax losses it holds through its subsidiary ECR Australia.
These can be used by the company to offset future profits at Blue Mountain – potentially saving up to A$18.75 million in tax if fully
applied.
But they could also be sold to a third party.
Its easy to understand why some are baffled as to why the current market cap is at £4.5m!!!
It's only going to take a spark to light the blue touchpaper!
