Hi AG, Great posts keep up the good work, personally I think there is something misaligned here with Twitter and the real drilling world. if at 40mts a day back on 22-Jun we were 220mts its simply impossible that we are just starting hole 6 and for sure CB saying he thinks we are at hole 8 then saying hole 7 as he was tipped the nod on someone giving him the heads up in the office not in shot. My point is like many have said "clear as mud" why say 8 then 7 then tweet 5 at 300.4... just confusion IMHO I have invested over 100k GBP here and believe the story will play out over the long term, I will be staying strong and long Best to all that hold and also to anyone leaving we are all here to make money life is too short
For me the longer term prospect of having multiple targets in different phases will give a constant news flow and hopefully increase the value as Mentioned by BCB, short term news and current markets are not a worry. Definitely interesting times ahead In the next couple of months (Holding 0.41% of the shares) not ramping just my view
While waiting for the application approval have a look at this link, if you type in the licence application Mercator comes up against EL006713 but also you can add layers in to see the historical mining that has gone on around our current drill (EL006184), no real new info but a closer look at the area we are exploring
Keep checking this page should show up when / if licence granted, the final submission date was 5th May
From the earth resources site: Public commenting
Any person may object or comment on a licence being granted. (Section 24 and 24A, Mineral Resources (Sustainable Development) Act 1990).
A person who objects or comments must:
put the objection or comments in writing; and include the grounds on which it is made. All objections or comments must be lodged within 21 days after the latest date on which the application was advertised this would be 26th May if the 5th was the final submission date
They also need to drill as much as possible as the licence needs to be renewed by end of 2021, maybe it will be renewed under a JV name?
From ECR 2018 RNS: “ The Creswick exploration licence (EL006184) has been transferred by the previous holder with no consideration payable by ECR or MGA. The expiry date of the licence is 28 December 2021. There was no profit or turnover attaching to the asset and there was no book value at acquisition.”
Hi AG if we get granted the licence according to the work schedule on the application by Mercator they plan to start RC drilling after 3 months
From the site: Proposed schedule for the exploration program
Historic research: Concurrent with on ground activities. Field mapping: 2 months initiated as soon as the tenement is granted. Soil geochemical sampling (if necessary to assist with delineation of the path of the reefs). Concurrent with field mapping. Interpretation, review & in-house reporting: 1 month following the completion of field mapping. RC drilling: Following completion of the above steps, the process will commence 3 months after the grant of licence. Depending on target sites, either: Low Impact Exploration route, drill tendering, 7 day DSDBI notice & drilling as soon as the preferred drill company is available (season dependent, unlikely to drill during winter), OR If a Standard Work Plan is required, time to drilling will be dictated by the length of the approval process. Targets outside the initial focus area will be prospected through a similar process (field mapping, soil geochemistry, drilling) concurrent with or following the initial exploration.
The board active after such a long quiet and depressing period I've been invested since Sep-2013 when we were over a penny hoping for the return to the promised land I have bought all the way down (and sold and rebought) just think this time is the real deal Holding 10m and went £68 quid up into the blue (get in you beauty) first time today in I can't remember how long. Each to their own we all have our strategies or maybe just a good old gamble which ever, best of luck to all old and new Happy days