Member Info for TalkingSense

Barnard....Is bot some euphemism for sad person who spends all day trolling on boards?

I think the fact that he is 90% down here and at the same time try's to offer sage advice about what the company is/will do just about sums him up ....no credibility.

He can't even answer a simple direct question

Plus (by my calcs) 2 or 3 months in to 2026.

So they have 6 months to get BM into production to the point where it is covering ECR ongoing costs.

If they put in a 60tph washplant and are making £650k a month (allowing for 30% costs) then they will have a surplus of £550k per month.

So why then would they need to raise (same question you still haven't answered)?

James , You keep going on about raises, but still haven't answered the question on why would the company need to raise any time soon when they are fully funded in to 2026?

Sorry James, I'm not a saddo on this board every second of the day .

The company will build up cash as BM produces as the revenue exceeds the expenditure of the company

The company will build up this cash so they have a years operating budget in the bank (part of the BTC Treasury rules in the RNS)

They will then build up Bitcoins in the treasury ,....which can be utilised for larger projects or used to obtain further finance.

So no, they would not have a future requirement to raise in the future.

Still waiting for your scenario where BM produces and a future raise is needed.

So you don't have an example then.

Yes, BM will fund future expenditure.

The 200m strip of land featured last week is expected to produce $1.1m of gold and that is just a very small section of BM.

We should get an update of estimated resource snd recoverability when the lab results return.

Previous owners of the land estimated 100,000oz

James, Yes if BM is producing then we will easily cover the monthly expenditure of the company and have cash to spare (thus the Bitcoin strategy).

If they implement a 60tph washplant then revenue could be 8-10 times expenditure.

Have you any evidence that s raise would be required if BM goes in to production by the end of the year.?

I'd like to hear why you think this would happen.

STVEN, On 31st March we had £871k in the bank.

The company has stated that they have enought cash for all planned activities in to 2026 so no imminent raises expected.

So if BM washplants are producing by the end of the year ECR will be self funding and no future raises will be required.

Pediatric- paydirt (that's a hell of an autocorrect 🤣)

If they have enough paediatric to warrant it I guess James.

Not convinced myself on the multiple plants.

But as my previous calculations showed we would have c£10m a year revenue running just the one 60tph plant.

All speculation until we get the results back from the lab.....as the SP shows.

And a reminder of Tradedesks modelling if we do go for multiple washplants:

Using RNS 60 tph figures, assuming 50:50 split with contractor, allowing 20% for opex, no corp tax (A$75m loss pool):

2 plants → Monthly revenue A$2.612m (£1.36m), Annual revenue A$31.344m (£16.3m) Profit calc: 50% revenue share = **£8.1m, minus 20% opex (£1.62m)** → Profit ~£6.5m p.a. → Current P/E 0.8× → At 5–8× P/E = £33–52m mcap → Share price 1.5p–2.3p → 6–10x rerate potential

The £75m tax loss pool covers ~11 years of taxable income, meaning ECR pays no corporate tax in the near term.

Thanks Sausage/Coco....I'd wish you'd said that before....

Do you think (as this need has been known since last year) that they would have started to prepare or have even already applied for the license.

The company has previously stated that environmental concerns and and owner consent are two big parts of the application and we know the landowner is on board and that shallow depth mining that involves no chemicals has a low environmental impact so should be no issues on that front

Do you have any evidence that the mining application has not been submitted or is likely rejected?

Also I believe that in the last interview Nick mentioned that they had discussed setting up dams (reservoirs) on the property with the owner and he was open to the idea......he also mentioned the possibility 60tph and multiple washplants so I would expect them to pan for a higher capacity of water need.

A far as re-instating the ground they are mining .....we are only looking at 3-4 metre depth so they will simply backfill with the diggers as they move forward (so no issue there).

And we know funding is in place to take us in to 2026 so no imminent placing due (as you have been claiming fairly consistently for the last 4 months, without one appearing)

I wouldn't stress about the Bid Mentalmax......only 3 trades under 0.22 this afternoon (may be some delayed?)....and two of those look like a Bed & ISA.

Looks like someone is playing games.

No I believe he's just called out claims that he's selling as bulls**t.

(Which we already knew you were talking on that point)

James, Thanks goodness we have selfless guardian angels such as yourself to guide us, who would never mislead or try to fool us.

(although you were telling everyone to sell at 0.2 last week, obviously with virtuous intentions)

🤣🤣🤣 So James, you think MW is selling at a loss when he knows production at BM is on its way.

You couldn't make it up...Oh wait, you have.

That 8.5m sell at 8:30 this morning will be the reason for the early drop.

James ...of your 90% loss here , 85% of it was pre MW.

So I don't know why you've got such a big chip on your shoulder with MW.

Anyway, I'll take ECR advice from investors who are more successful here.

And only a week ago you were screaming sell at 0.2 so your advice is less than credible on both fronts.

Perhaps if you kept more of an eye on the operation and less on social media you'd have more success here.

Bitcoin, production, new BOD members, BM drilling results possible JV and Lolworth drilling news all to come.

A good week.

We have a BTC treasury strategy , being one of the very few (or only) AIM company with such a strategy that will purchase Bitcoin from revenue generated without borrowing to purchase

Updated estimates of revenue at Blue Mountain which range at the low end $544k to $1.3m per MONTH

Drilling samples from BM are at the lab

And we have a new BOD member with a wealth of experience in taking companies from exploration to production within a $multi- billion company - a great recruitment.

Maybe next week we will get a new MD announcement and more BM progress news?

Https://en.cryptonomist.ch/2025/08/08/ecr-minerals-surprises-the-sector-bitcoin-officially-enters-the-company-reserves/

They have said many times they are funded into to 2026.