Member Info for TalkingSense

They have enough cash to last well 2027....if you are going to blarently deramp at least base it on some semblance of truth

Thanks for that, again, Lesh....if only we could travel back 160 years.......Can't believe a poster looks further in the past than Fail ...lol

LOL, They've got £1.5m in the bank ....talk of another raise is just fanciful

Someone is selling multiple 5m chunks on every RNS release which is stifling any rise/leading to a drop...selling into news.

I'm guessing one of the previous placing takers.

Well , I'll have another 209k shares....always top up under 0.3 when I can ....no brainer with the pipeline

Cocopops.

Dont forget this in the INITIAL phase 1 plan. (There will be expansion).

ECR have $1.5m in the bank so no financial pressures.

BOD have stated that they expect Raglan to cover full G&A ...and a little more.

Blue Mountain will come on line and be running concurrentlywith Raglan at some point (likely late 26/early 27).

Even if you take your random £300k a year shortfall, ECR are cashed up and can easily cover all activities for years to vome, with more future income to come.

Looks like an excellent long term runway...with Lolworth being the long term company maker.

INITIAL mining plan of $7m with expansion to come

"The Directors consider that the analysis is intentionally conservative" " No allowance has been made for side creeks, extensions along strike, deeper gravels or optimisation of mining methods"

So that 7m is likely to increase.

Purchased for a$1m.....plant value $1.9m and initial conservative gold of $7m....with potential expansion.

BoD have smashed it...and Raglan is just the baby brother of Blue Mountain. ECR have a great ling term runway in place.

Failtosea

I don't doubt you hold no shares now (I know another abusive poster like that ...co-incidence???)....so begs the question:

Why do you post so much on this board?

Also , still waiting for you to post evidence of my ' constant ramping' from the last week that you accuse me of.

Failtosea, (spiked 5 years ago....refers to it in every post).

Having a bit of a meltdown and lashing out at everyone today.

Can you please point out a post where I have 'ramped' in the last week as you seem to claim I continually do that.

The one thing you do note is the SP which is well below the recent broker target of 0.58 (that's a fact). As many have posted on here, investors seem to be waiting for some solid numbers before investing heavily (dependent on results).

News we are waiting for:

*Raglan initial numbers

* Creswick JV update

* Blue Mountain license application progress update.

Lolworth gold/silver/REE drilling programme 2026?

Baillieston antimony drilling programme?

And Raglan....

Paid c£500k

Plant & Machinery valued at c£950k

And the license/gold on top!

However you look at it the BOD pulled off a blinder of a deal which that have not really been given credit for.

Copy and paste, 5 years ago blah ,blah, J got spiked (won't admit it) blah, blah , blah.

Failtosea, Seriously is that the only thing you ever post !!!

Cocopops, To answer your question , there are pictures of gold at Raglan:

https://x.com/ecrminerals/status/2018584030237647339

https://x.com/ecrminerals/status/2018619348844413084

(and there were previous gold pictures ' in the pan'

So they are either picking up those nuggets from the surface.....or they are in production.

I'll let you decide which is true.

And good news today that they picked up a bargain at Raglan paying only a$1m for an asset values at a$1.9m (the advantage of buying off farmers who had no mining expertise). And to think some posters were claiming that the value of Raglan was much less than ECR paid for it (they look foolish now).

That's a couple of days production paid for in one nugget!

Great if we can keep pulling those out of the ground 😁

https://x.com/ecrminerals/status/2018584030237647339

Agreed, But not expecting any massive figures up front as it will take a month or so to optimise the processing.

Blackhopper.....Looks like ECR have been hammered with the drop in gold price.....however investors have not appreciated that the value in the company is in moving from explorer to producer and any gold price over $4 easily makes both Raglan & BM commercial.

NT was stating they were confident that production would cover overall ECR G&A running costs and beyond when the POG was around $4k

The market will get it eventually.

56m in chunky sales over the last 2 days....someone is offloading (remnants of the last placing?)

A few chunky sells today (c25m over 5 or 6 trades).

Another bash at breaking the 0.4 - 0.42 resistance tomorrow ....being 100% above the November 0.21 price and 50% above the trading range of the latest placing, on top of being a 0.1 increment it was the largest 'target' price convergence for short to mid traders.

Once we break through this it's a quick move up to the high 0.4's ...and beyond.

A nice update from Raglan and a picture of some shiny stuff would certainly help us along.

If you do the maths (I'll do this in US$ to make it easy):

We will have around 200 production days a year

Running costs per day $2000

At current prices if the get 1 oz per day of gold = $3500 profit/day - $700k a year

2 oz increases to $8500 a day = $1.7m a year

Based on 60tph and 0.35 bcm we previously calculated up to 4oz per day which would be £20k profit or $4m a year

In reality they will probably fall somewhere between the US$1.7m and US$4m profit range....and that's PER SITE

So the BM & Raglan profit estimation of a$3m (approx US$2m) forecast for two sites looks conservative IMHO

I'd expect US$3m a year from BM alone when it gets fully operational.

And if that report was written a couple of weeks ago then the POG (now breached $5500) will mean the 3 million is now over 3.5 million.

The business models for gold from 3 or 6 months ago are now out of the window...POG in a whole different ballpark now.

Gold up $1100 since the start of the year already and showing no signs of slowing...definitely the right industry to be in right now.