Member Info for C1p2D

Interesting post in the telegram group.

One of the chaps over there had emailed Nick and received a response that *appears* to say our approval is for less than 1000 tons and more like a tenth of that.

Nick does say that this is sufficient for our exploration purposes.

An advanced exploration license allows for up to 1k tons to be processed (proceeds required to go back into the project as per terms)

Have we got an advanced exploration license, but with a lower approval?

MW has posted previously that we could process the 1k tons...

Bit of clarity needed.

The only risks i see here are

1) failure to get a full ML - this should be very unlikely given its alluvial we are looking at

2) the board lose the plot completely and spank all the money - should also be very unlikely given how things are shaping up and MP now on the board

Probably be the usual MM games, but once we start washing dirt and selling gold, it becomes a mathematical process.

Bottomzup

Could well be overthinking it, just the experience of getting toasted early on in crypto by thinking it behaves like stocks

If we do accumulate after (what i believe will be) the drop, then it could be a real shot in the arm when the crypto wheel turns again.

From a purely ECR/ mining perspective, probably the most optimistic I've been in the last 10 years given where we could be heading

TS,

Experts last time were saying btc to the moon, lots of them just before 50% drops.

Im not disputing that in 5 years time the price is likely higher than it is now for btc.

The questions I believe we need to ask are around the detail of the strategy -

I'd assume that our mcap would take into account our btc investments?

If / when btc takes a 30, 40, 50% haircut, as it has done numerous times, does our mcap them take a 15, 20 or 25% drop due to something that is not related to the actual performance of ECR as a mining company?

Not deramping, just asking for clarity.

As i said, due diligence.

Bottomzup

Challenging or questioning the actions of the company is hardly a deramp, I am certainly not looking for the share price to go down as this would mean my investment is worth less - if this gives us a sustained increase in SP and then we build further with the development of our assets then great, we all win.

Questioning the actions of the company when you are a shareholder is due diligence.

Though BTC has only been in existence since 2009, the cycle is well established and the pattern has repeated each time - why do you think it will be different this time?

As I have also said, if the approach is to accumulate when BTC drops into it's bear market, then great - in 4 years we'll reap the benefits (as it has done for all of the previous cycles)

I've done alright out of BTC following this approach, but only after accepting that there IS a cycle and BTC so far has followed it every cycle

If it's jumping in because it's hot right now, then we should definitely be asking questions.

TS. Short term btc - yes, absolutely, but short term may only be until Q1 next year.

do we get enough revenue to benefit before it pulls back? Questionable.

If it's accumulating for the next cycle then that's a different conversation

If it's a 4 year investment plan, then fine, but this doesn't look like it's either not been thought through, or not enough research has been done.

Gold is much less likely to crash in the same way btc will over the next 4 years given the CBs are still buying hand over fist.

Not convinced by this.

Hmmm.

We're nearly at the end of the 4 yr btc cycle, meaning the price of btc will inevitably crash (as if has done every cycle) and then chop sideways for 4 years.

Gobbled up at dirt cheap prices

Thinking the same myself

What's dirt cheap in your view?

Exactly- would be very surprised if the paperwork is not in the works already.

Also, obviously we have form for "JVs", but assuming there are genuine interested parties, it's unlikely they would be interested if there were going to be any significant hurdles to a full ML.

Also, the 16k m3 is just one small part of the license.

What do we think would be cheap?

Seems a little restrained, outlining the next steps should see this start to make concrete moves

The best RNS they have released to date

Why do you post under 2 different person's

Bit weird

To a day of intelligent, intellectual and reasoned discussion on the BB today.

Very poor comms from the company.

60tph wash plant & license please.

Maybe.

Call me cynical, but just as likely it's arse falls out again tomorrow...

Https://x.com/ecrminerals/status/1947205386294919351?s=52

Someone didn't check the dietary requirements for the lunch.

Ceo has a fish allergy and they had Prawn sandwiches delivered...