Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I am in here regardless until we have a comparable mcap to GGP. However does make me wonder abit why if we have Baileston results havent we just had the rns for them? The way the last set of results came out felt abit strange also released one then all together! Also will Creswick come out as soon as we have the fire assay results? Or will there be a delay past Tuesday also?
A few weeks ago Craig said in an interview that he believes Creswick will be the project that will release the most value for shareholders. I think they still think Creswick will be the better project in the end and just meant they are slightly further ahead with Baileston but idk.
How long it will be before "the herd" arrive with their too the moon ramps! Don't get me wrong i think we will get to the moon eventually! Just the GEO saying he thinks we will have mines at both projects is the sort of phraseology that will bring the herd here before the results!
I dont think it will be long until this sp is soaring here. I guess the main gamble in the near term that is most likely to cause a decent re-rate is whether they find decent grades in the DMS which they expect to! Wont be a massively long wait until Creswick is being drilled by contractors then probably JV and in the meantime in next fortnight we could get something decent out of the last two imminent assays! Got alot going on here which could see decent rises in the near term imo!
I think the sell off was an over reaction. 4 of 6 holes not amazing although to find any intersection of 19g/t isn't awful. I agree though if nothing is found in the remaining 2 holes then it is time to move on from HR3 however if the last 2 holes do find some decent grades more drilling at HR3 will presumably be needed as they will be strengthen one hypothesis or another and then future holes can be more targetted. Ultimately the companies chance of finding the next multimillion pound deposit is no lower now then before the rns dropped so no decent reason why the SP should have dropped so much IMO.
In a previous interview CB mentioned we would be drilling part of Creswick ourselves. Personally it wouldn't surprise me if it may have been the JV potential partner who requested we got some drills done there by an independant contractor instead.
Last two companies he was involved with made multi million oz discoveries! He hasnt over played anything in my opinion just spoken facts! Yeah he said we were funded which we were but no doubt the broker said hey CB you could do a placing if u want and he said ok. ECR doesnt have a large cash burn. The big hero Gervaise was considered awful and a charlatan when EG had nothing after GH bigged it up! Look ehat a hero GH turned out to be!
That if a Nomad offers a company a placing almost all companies are gonna take it. We were above 3p not based on high hopes for Baileston 4 drills to be amazing the very first time Midas touches rock! Many are acting like it is Armageddon! I suspect it is the gamblers feeling deprived of their instant dopamine hits! The reality is ECR still has a very good CEO and a a huge amount of potential! Long and strong for me for many multiples in the next year imo!
Who knows it is an explorer, no one can predict perfect entry and exit. It could multibag very short term of long term or sink and no one posting here has a clue! Personally anyone who is that upset because of the results from 6 drills of possibly hundreds that will be carried very inexpensively by ecr are not really seeing the bigger picture here!
Cant compare the two. We also have a mcap at a minute fraction of GGPs ofcourse we cannot expect to have what they have. What we do have though is a very low cash burn and own equipment which we are likely to spend on. Even if these results were not as good as some were hoping they cost us very little to get. We have loads and loads to drill. Crewick and its potential JV has always been the anticipated rns that will take this to the moon anyway!