El Capitan Precious Metals Inc (ECPN)

[MrGold]

Let me fill you all in.

I've been in this near a decade. The reason the stock price hasn't taken off is no one believes management when they say something. This company has existed for over 25 years, in one form or another. Newmont was testing our ore back in the early 2000s. No one could ever figure out out to separate the iron (this is primarily an iron mine discovered in the 1940s with massive amounts of magnetite and hematite in the ore) from the precious metals. They now have a process. Actually a couple of them.

But announcements of deals and contracts is old news. This is a big contract, but even the smaller ones they've never been able to deliver on. Two years ago they announced a deal with Chinese buyer to ship ore to China in exchange for about $24 million. Then there was a port strike in Los Angeles, then the Chinese wanted us to pay the duties and tariffs. Then after over a year the deal, never completed, fell through.

So what makes this deal different besides the scale? For one thing, and this is very important, our ore has been tested for months by many of the largest miners, this company is confident in their due diligence that the precious metals are there and in the quantities advertised. But the shareholder base wants to know can management deliver this time.