Member Info for TalkingSense

C1p2D, IF we need to drill the depth of resource is literally less than 10m (from 2-10m from memory).

Drilling will be cheap and quick at those depths and for the shallower areas we may just need to dig with no drill required.

Whatever the method it must be quick and relatively simple if the target (as stated in the interview) is to have a production plant up and running WITHIN 12 months.

Just watch it .....Target is to get a commercial plant in 2025.

"We know the gold is there."

Can recover much more than previously thought...."the numbers are almost off the charts"

Not a massive expense to get this up and running.

Mike & Nick are obviously VERY excited by the results and prospects

https://www.youtube.com/watch?v=hnS_rRvjj4w

James, Commercialisation would see this easy 0.6+.

It is a significant step forward and definitely rates a step change in the SP from the ridiculously low valuation the company currently has (IMHO)...can easily see this approaching the 0.4 that we went up to when we had the Antimony results.

For those new a couple of irons in the fire for ECR the following is expected shortly:

50+ sample results still to come on Lolworth.

And diamond drilling (why DD? ;-) at Tambo bout to commence.

And then we have the Antimony drilling to plan at Baillieston and possible further exploration at Creswick.

Plenty of possible leaps forward to come in the coming months (and I haven't mentioned the tax credits....possible £4.5- £5.6m in the bank if a deal gets done on those)

Good that they've appointed another geologist.

With so many different prospects moving forward it's prudent to get another safe pair of geology hands and help Adam's workload.

Could be a sign that they are looking to move forward on one of the projects (Blue Mountain ?) .

BM results due soon with view on commerciality.

250+ sample results still to come on Lolworth.

And diamond drilling (why DD? ;-) at Tambo bout to commence.

And then we have the Antimony drilling to plan at Baillieston and possible further exploration at Creswick.

Plenty of possible leaps forward to come in the coming months (and I haven't mentioned the tax credits)

Https://www.investegate.co.uk/announcement/rns/ecr-minerals--ecr/geological-survey-of-queensland-collaboration-/8459056

The GSQ surveying Lolworth shows that the potential is attractive enough to get the attention of the Queensland government

A lot of small 'code' trades today. Expect some more chunky trades worked/reported later.

So today has calmed down from the big buy trades from Friday.

interesting in the Stockbox interview that Doc intimated that he may be speaking again with them in the next wee (then quickly corrected) or weeks.

News coming soon by the looks of it......either further results from Lolworth, Blue Mountain metallurgic results or progress on another front.

I see Sausage's Nativo cross ramp 'tip' from Friday is 30% down from the point he tipped it and 19% down on the day.

And he constantly complains about 'ramping' on this board .......lol

Sausage boy ramping this on other boards.

A well known deramper and BS artist....beware baseless ramps

Sausage, Didn't know you were a chartist....lol

Maybe a bull sheet chartist ?

Sausage, A potential partner won't wait until a JORC compliant resource before making a JV offer (the work's already done then).

ECR have said that their data / 'data room' is available for other companies/prospective partners to view so they can see the more detailed technical information on each license.

A partner will want to get a deal asap after the weight of data s convincing enough so they can get the best risk/ % deal balance.

If ECR had a JORC already they would likely get financing to start operations themselves without requirement for a JV and the MCAP sure as s**t wouldn't be anywhere near the level it is today.

Sausage, You've made the 'gold price has no impact on ECR' argument many times.

Obviously it does:

A couple of examples being the likelihood of a JV is higher if the gold SP is higher.

The commercial viability of Blue Mountain is more likely if the gold price is higher.

Both of which potentially impact ECR.

You've been embarrassing yourself here for month's now with your petty vendetta.

So based on the facts apart from the 'below market rate' statement as the offer price is based on the VWAP.

Donald Trump school of 'facts'

But as you point out Sausage, the BOD have got plenty of skin in the game here ...They will want the SP to rise as much as all other holders.

Hi Dan, My take on the last 12 Months

*MCAP = - Slightly up

*SP slightly down

*Stabilised the finances ...we were close to the edge 12 months ago

* Sold the Rig and equipment to help finances ....is that planning permission in and the property on the market?...and what's happening with Midas (is it a nice ornament in Adam's garden, will we sell it or use it at Tambo?)

*Canned the Hurricane RTO (thankfully ....that would have been a disaster).

*Pushed forward the Blue Mountain testing (looks promising , but lack of next steps after metallurgical testing not clear so the market is not excited).

* New license at Kondaparinga

* initial testing at Tambo....with diamond drilling to come shortly (why diamond ????? ;-)

* Tax Credits - They have at least taken advice and action with Argonaut marketing the credits unlike previous BODs who have just referenced it (this will be a financial game changer IF it happens, until then the market are not excited).

* Good drilling results in the 2 Creswick drilling campaigns and some broader veins discovered ....again excitement waned with no next steps).

* Baillieston Antimony had superb results....but it was from only 3 sample and I don't think anyone here has enough technical knowledge on Antimony to know if that is enough to entice a JV partner.

*Lolworth - Has constantly delivered good results and the company have pushed forward will a lot of initial testing. It's early stage testing at the moment. Will be interesting to see the rest of the results from the sampling and trenching (we have only had the early initial results from this season's testing). REE and Niobium sites being tested and some drilling planned this year. We know that they have had 'conversations' with the neighbours to the east.

Helium - Well no-one saw that coming. Doesn't look like a VOY tie up ...Honestly I don't know WTF to make of it (and if it is positive or negative)...another unclear plan.

Overall in 12 months I think most/all would say that the SP performance is disappointing.

I would argue that for the decent operational progress that ECR have made over the last 12 months it is below where it should be.

The general problem is that there are a number of potential game changers, but there is either a lack of a clear forward plan (BM, Creswick) to add value, or it's an all or nothing (Baillieston JV, Tax Credits). Progress in Lolworth has been good, but at an early stage, maybe we will get some momentum there with the rest of the sampling results (gold and REE) and drilling later in the year.

If one of those game changers/ deals gets over the line then Nick & Mike will be heroes....until then the SP will continue to run in the same channel as the last 10 months barring good drilling results or other positive news.

Https://x.com/Outofthegr/status/1831288897768210696?t=XgjDFAMN5awh3ad2nYJPEQ&s=19

Sausage, Thanks for pointing out the progress that ECR is making on a number of it's projects.

It's good to see a company that is constantly active and is pushing forward.

Again you seem to have summarised some of the 'next steps' , missing out some of the context.

For example :

"14 Aug 24

ECR announce initial gold results from soil sampling at the Company's Lolworth Project

Next steps: soon begin stream sampling"

Whereas the next steps were:

"ECR field teams will soon begin stream sampling on the eastern side of the 1000 km² Project area, where regional geological mapping indicates the presence of significant pegmatitic intrusions. Previous work suggests that this eastern area features the same geological formations as the Oaky Creek region of the tenement, where stream sampling has previously detected niobium in concentrate samples. Notably, the best results include stream samples with more than 500 ppm niobium (Nb) and pXRF soil samples up to 497 ppm Nb"

So you missed out the context that the next steps were the sampling for Niobium and other REEs to the eastern side of the license....where we also know that ECR has been having discussions with their neighbours to the east.

You also missed the next step that discusses seeking a JV partner for future exploration of Antimony on the Baillieston license.

But, as you show, a good amount of progress at all the licenses......Keep up the good research.

Bottonmzup....Sounds like he's confident that the SP won't be at this level for long ;-)

All thins brings me back to one question...Why are they Diamond Drilling at Tambo?

Smacks of a potential JV/deal including the tax credits.

That then provides funds for the VOY takeover /tieup, which then provides an income stream to push forward Blue Mountain and ultimately develop Lolworth.

The pieces are coming together.

You always do

Or the property sale is imminent