Member Info for TalkingSense

FFS Sausage , Will you pick one account to post on and stick to it.

I don't agree with your 'suggestion'. They could be producing at Raglan in 2026 which will make them self sustaining financially ....but the big transformation to the company will be in 2026 when Blue Mountain comes online......I think the maths is somewhere near $20m a year estimated revenue based on the current gold price which is a huge change from where we stand now.

Well that didn't take long to get from 4100 to 4200

Bank of Ametica forecasting $5000 by the end of 2026

Commodity Information for Gold (XAU)

Value:

4,200.43

Change:

56.20 (1.38%)

You seem to be resembling your own post Baileysea:

Your post on EUA board 10th Oct (I've changed the ticker to ECR) :

"with reference to the saddo's who post constantly but aren't in ECR .... It's because they invested here at the wrong time and as a result , saw their investment dwindle down, so they freaked out and sold .Now they are hurting bad . They are absolutely livid at losing lots of money so the only way they can vent their frustration is by coming on here continuously to trash the stock as they just can't get over it and move on . Remember the film , " Fatal Attraction " ? It's a bit like that ."

Yes, Baileysea..the 30k shares sold today is really heavy selling 🤣🤣🤣

The standard of deramping has certainly gone down on this board.

Gold currently at $4096....just seems to be on a absolute rip at the moment...and the global economic picture don't look like it is going to slow it down anytime soon.

Now almost 25% higher that the $3290 used in the original revenue estimates.

Just waiting for the next set of Blue Mountain drilling results to confirm the commercial resource extends over multiple prospect areas.....if so we will be off to the races as this is massively undervalued with little/no productivity prospects built in at these levels IMHO which seems a massive break with the reality of ECRs production plans.

It is "up to" $1m dependent on the resource proven....so the amount is not guaranteed.

If we do get a payment it will extend the cash runway beyond April 2026.

Yes, up to $1m on a resource estimate....we were expecting a resource estimate around April, but has not yet appeared.

Hi Panman, They have mentioned this at both Blue Mountain and Raglan as future activities:

Next steps from the Raglan RNS 3rd October below (4th point):

Next Steps

· ECR will now move to finalise the Proposed Acquisition on the agreed commercial terms, following completion of the Subscription (as defined below).

· Following completion of the Proposed Acquisition, a short programme of follow-up test pits will be undertaken to refine grade distribution across the main creek system.

· Planning is already underway for an initial mining campaign, designed to generate nearer-term revenues and establish operational protocols.

· In parallel, ECR will evaluate the potential hard-rock source identified in the western shear zone, with initial sampling already in hand.

· Once operational, it is planned that Raglan's equipment and production team will provide a stepping stone to scale up Blue Mountain, aimed at accelerating the pathway to production across ECR's Queensland portfolio.

Next key piece of newsflow will be the second set of drilling results from Blue Mountain which I believe could drop in the next 2 weeks looking at the drilling timing.

Will be a major boost if (like the first set) it shows consistency in the gold continuity across the area and is also commercially viable (hopefully "Very very commercial"). > 0.15 bcm is the magic number.

Hi B, Yes, Trying to mask the fact that ECR will have a decent income stream with the POG rising ...I think this is the post he didn't like ( below based on RNS estimates):

Let's do some more math's

The cost to staff /run the washplant is a$3000 a day ....we'll round this in US dollars to $2000 a day so c$500k/year.

And let's go high and say another $500k for maintenance/mechanical issues.

Let's also be pessimistic and say the grades come in lower at 0.3 g/t (no reason, just want to go low on the numbers).

So revenue would be $9.4m/year ......let's call that £7m

ECR running costs for a year currently c£1m & BM expenses (above) c£0.7m

So even at the lower figures (and BM only) we are looking at a profit of c£5.3m a year.

current mcap £5.5m

I love maths

Hi Sausageisadick (taking too much flack/credibility hit as Coco so switching IDs?)

Answered most of your questions in my last post.

The owners are selling as they are actually farmers by trade and Raglan was a side project. They don't have the knowledge or experience to develop Raglan effectively (as stated in Nick's last interview)

I agree with you ...There will be no BM production until at least Q2 2026 (see previous post) , however I am confident that there will be a mining plan and resource estimate/ revenue estimate confirmed in 2025 as both are required for the application.

Cocopops, (resident BB clown) Now you are just ranting and raving gibberish with 'TRUMP RANTING' text.

Production at BM will not be until at least Q2 next year I would guess ....I don't think anyone here is claiming it will be any sooner and Nick has alluded to such in recent interviews.

Raglan production will be sooner than that .....I would guess it could be as early as November as the DD is nearly complete and the contacts are expected to be straight forward (and will be worked on in the background now) as per Nick's interview.

ECR has a cash pipeline until the end of Q1 2026 (as per the RNS) and that does not included any revenue from Raglan, which would extend that runway (indefinitely if Raglan revenue covers ECR running costs).

If the Raglan deal were to fall through (very unlikely given the DD feedback so far) then the £650k will extend that cash runway (as per RNS) and ECR will be funded until October 2026.....BM in production well before then.

**So no requirement for a running costs raise in Nov/Dec as you suggest.

With regards to the Raglan license being 'poor' ...Can you please back up that statement with evidence (as you claim to only be fact/RNS based, but seem to produce none).

In the RNS it states that grades at Raglan are roughly equivalent to BM which have been commercially viable so I would say that the license is 'good'.

"ECR is run by amateurs".....PMSL .....look at the last 3 BOD members that have joined recently with a wealth of experience.

"The promotion will be less".....ECR doesn't need promotion from here on as the progression of the company from explorer to produced (on TWO licenses)with the newsflow of BM drilling results, recovery testing, Lolworth drilling results, Raglan DD, Raglan contract, BM mining/revenue planning, BM License application, Confirmation of Creswick JV and other news will carry the SP upwards from here.

Fix yourself a stiff drink Coco (although after you last two posts it looks like you may have had a couple already...lol) and chill out.

We also own the 25tph washplant which we could utilise....so 60tph starts at Raglan and then mover to BM once it's up and running and move the 25tph to Raglan (or take a third of a month's revenue and buy another 60tph?)

"Traders watch the SP ....Investors watch the operation."

Apologies, It was not Morgan Stanley (don't know where I got that from???) , but it was Goldman Sachs that have predicted POG at $4900 by end 2026

https://money.usnews.com/investing/news/articles/2025-10-06/goldman-hikes-december-2026-gold-price-forecast-to-4-900-oz

Https://x.com/Share_Talk/status/1973676317947138522?t=u1a-XMelZk42Zk5YI7ulRw&s=19

Link to the Company presentation including all assets and the company's revenue estimates at BM

Look in the mirror ...there's your answer.

"WHY IS ECR NOT RELEASING A PRESENTATION WITH ALL OF THIS INFORMATION IN?"

Here is the company presentation (watch the video in the linked post...it shows all the great assets ECR has) which has the revenue estimates in.

And the company knows where it is producing from ...it will produce in Raglan first while it is applying for the license at BM...its been made very clear (perhaps that big red nose is blocking you view of the screen 🤡).

Now don't type angry...just sit back and relax as ECR produce in the short term at Raglan so they are self funding, and apply for the license at BM which, when granted will mean that they have TWO producing license taking advantage of the record POG.

Morning Cocopops( resident BB clown).

please stop getting flustered...you've moved to 'frustrated Trump' caps mode....calm down (I know ECR is looking good and it is frustrating)

You are completely correct about the POG at the point we start to produce ....I see Morgan Stanley have predicted that the POG could increase further to $4900 by end of 2026, but I didn't want to overstate which is why I only came up with the pessimistic £5.3m company profit per year.

And the revenue forecasts were in a company RNS so I am using released figures.

Let's do some more math's

The cost to staff /run the washplant is a$3000 a day ....we'll round this in US dollars to $2000 a day so c$500k/year.

And let's go high and say another $500k for maintenance/mechanical issues.

Let's also be pessimistic and say the grades come in lower at 0.3 g/t (no reason, just want to go low on the numbers).

So revenue would be $9.4m/year ......let's call that £7m

ECR running costs for a year currently c£1m & BM expenses (above) c£0.7m

So even at the lower figures (and BM only) we are looking at a profit of c£5.3m a year.

current mcap £5.5m

I love maths

OK , Let's do the maths:

Original 60tph washplant revenue estimate 0.6g/t, gold price $3290 = $1.305m/month

Current POG £3947 .

Revised revenue forecast : £1.566m per month or $18.8m per year

(and that's just Blue Mountain ....we also now have Raglan showing similar grades, but recovery rate unknown to add to that)

current mcap £5.5m

maths done ;-)