Nick did state that he expects the first results in 'early September' so anytime over the next couple of weeks.....however from experience we know the Aussie labs time management is at best unreliable.
From next week we are in the 'results anytime' zone.
Good to see a steady day on day rise this week building a good base to build on the next day and not spikey (although I wouldn't say no to a 100% day ...lol).
Good time to join as plenty of upside to come here.
Current mcap looks really cheap at c£5m.
The initial revenue estimate for Blue Mountain is between $540k and $1.3m PER MONTH dependent on the washplant capacity employed.
The company have been very bullish on their updates/ assessments of the drilling so far so I would not be surprised if those estimates were upgraded.
Time will tell as we wait for the drill results.
The drill is moving to Lolworth which is 900km2. Take a look at the historic gold surface sampling RNSs (there are a few) and you will see there has not been a duff set of results.....with some outstanding results that seemed to fly under the radar ,and that's not even allowing for the rare earths found ...with which we have a partnership with the Geological survey of Queensland (state government department). Lolworth has the prospect of being a world class deposit if those results can be duplicated sub-surface.
Dan, We'll definitely break 0.25 and beyond (maybe today, but it will come)....The operational progress at BM , drilling results, recovery effectiveness and commercial viability news will all push this way beyond that number.
When the results come back and if they are as good as expected this could easily bag.
BM is confirmed as commercial will bag it again.
Obviously any commercial activity, even at the lowest end of the forecast production, will give an excess of cash above exploration costs that will enable BTC investment (at the higher end of forecast thst will be considerable).
The Fudsters are replacing strategy for ramp to install doubt, but there is none in he strategy that ECR is putting in to place.
And the 'raise' statements are unfounded...these are the same people who were shouting definitely raise by August a couple of months ago ...that never happened.
With funds in place until April 2026 and drilling complete at BM ECR are poised for a re-rate.
And all this enables further exploration at Lulworth which has the potential to be a world class resource.
Just look at all the at surface testing results (there hasn't been a poor set yet), partnerships with the Geological survey of Queensland, rare earth discoveries and the 900km2 area the licenses cover and you can see the monster potential there.
#ECR - Blue Mountain Gold Project Exploration Update
✅ Alluvial channel drilling programme 75% complete, targeting upper reaches of Denny Gully area over a length of 2.5km.
✅ Multiple flats intersected with visible gold - potentially significant volumes of gold-bearing gravels.
✅ First lab assays expected Sept 2025. Additional Denny Gully samples in preparation on site.
✅ Drilling at the Lolworth #gold & #rareearths project now scheduled to commence by last week Aug 2025, after which trial washing of Blue Mountain material will continue.
Chairman @NickTulloch2: "...the extent of visual gold already observed in multiple channel flats highlights the potential scale of this system – which even now is only partly explored...”
So Coco, Yu don't know how much consultancy he's doing, you don't know how much he's paid and you don't know what the consultancy is (handover to the new guy?)..........
So basically you know nothing, but you are still complaining about it.
Do you have a work pension payment taken out of your salary?
If Yes, Then do you pay for your pension or is it free?
If you have a salary sacrifice scheme at your company that takes money out of your salary (so it never arrives at your bank) to buy shares, are those shares free?
Baileysea, "I suspect that you are behaving in this way because you got spiked here"
I think you are getting Blackhopper and James (90% down) confused.
I don't see the relevance of 'the last 20 years' (any many differing BODs) to the current operational position of the company.
Personally I'm looking at the current and future prospects here.
in the short term the new BOD appointment to replace MW and lab results from BM ...and subsequent operational plan at BM and mining license updates will dictate where the SP moves to.
Having been in and out of ECR over the last decade or so I would agree on the lifestyle company remark historically when projects were slowly run to stretch them out so salaries could be accumulated..
However over the last 18 months drilling and exploration activity has moved at pace and concurrently which does not tie in with a lifestyle company.
The company has made significant progress operationally at BM and has a viable resource to move to production.
This will finance the company moving forward including the long term 'beast' for the company which in my opinion is Lolworth.
Take a look back at all results at Lolworth have been good or exceptional so far (they have been stream and on surface) If the upcoming drilling at Lolworth is positive this will really jump another level. (Obviously BM production confirmation would see the first significant uplift to the SP)
I agree that the market hasn't got it ...YET.....and respect your decision not to invest