RE: Why make it more complicated15 Sep 2025 10:31
RNS states
Next Steps
Ø ECR has drilled two other similar-sized creek flats at the Blue Mountain Project, namely the Denny's Creek and Upper Kariboe areas, with results expected likely in October.
Ø The Company has received external interest in potential production partnerships, with preliminary discussions now in progress. There can, however, be no guarantee as to the conclusion of any such discussions, nor as to the timing or terms, structure or value of any such production partnership.
So yet again, the next steps is to do more testing and wait a bit longer for the results
Also next steps is to find a partner (I'm presuming with a full mining licence as ECR can't process the amounts they keep quoting) that they most likely will sign away part of the revenue to. If they are bringing in the people, machinery and the full mining licence, how much %age do you think they will want?? More than 50%?
But yet again, the RNS just kicks the problems further down the track. Sort out a mining licence !!!