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https://twitter.com/ecrminerals/status/1402521855324561412
What we need is a picture of the guys filling in the drilling results and sending them back to ECR........
Hi Scott, they have a few things going on, drill results and confirmation of acquisition imminent.
· 24 of the 39 drill holes have been completed on the North Mathiatis copper-bearing waste stockpiles, with full completion of the programme expected by the end of May 2021
· Site preparation at Troulli is ongoing ahead of the near term drill programme on the epithermal gold oxide resources and copper sulphide VMS target
· Further work is underway to establish a maiden NI 43-101 copper Resource estimate at Mala, and how to profitably exploit the smaller, high-grade assets within the Company portfolio
· Prioritisation of prospective copper-gold Joint Venture (JV) projects underway by way of a re-assessment of each of the Company's 16 candidate sites against Jubilee Metals Group JV criteria
· PR Ploutonic Metals acquisition expected to be completed this week following COVID-19 imposed delays
@LeFlic, thanks for your time and effort in getting the Novum research note and making it available here.
I have just been on the ECR website and the research note has now been added.
Great to see some time being spent updating the website, I noted previously the media articles were from 2019.
Looks like the PR team are really getting their act together.
Fair enough, probably mis-read your point 3.
Jubilee really have their act together wrt 'waste to revenue' of pgm's, chrome and copper which should be reflected in their FY figures at the end of this month. Operational update should be about 14 July, so will be interesting to read any update on the deal here.
Hi Wiseinvestor,
Jubilee to pay all upfront costs but as you would expect, JV is profit share following deduction of upfront capital and operating costs.
The main elements of the Option Agreement are as follows:
· Operational costs are to be met by Jubilee with no material cost to Caerus
· 6-month duration providing a rapid turn-around of samples and progressive release and reporting of results
· Jubilee has the exclusive option to elect to convert one or more projects to a Joint Venture under terms to be agreed
· If a Joint Venture is agreed, Jubilee will design, finance and execute the construction of any processing plant and become its operator
· Any Joint Venture will operate on a profit-sharing basis after recovery by Jubilee of its initial capital expenditure and other 'up-front' costs
More info on twitter this morning including N Queensland
https://twitter.com/ecrminerals
I guess it's not about preaching to the converted, where we are looking for news reassurance between RNS's, its about how do you get the story out to new investors. Anything that generates interest in new investors has to be a good thing ?