El Capitan Precious Metals Inc (ECPN)

[MrGold]

Finalization and publication of this agreement are subject to certain conditions, the most significant of which is that El Capitan successfully repeats the recovery demonstration of the precious metals, consistent with results of the recently completed demonstration.

The agreement also provides that title to the ore will transfer to the buyer at the mine site once it is loaded into the transport vehicles provided by the buyer. Prepayment will be provided for all ore transfers. The required demonstrations are currently being scheduled for this month, thereby satisfying all the conditions that are required of El Capitan. Details of the agreement will be disclosed when all requirements are met.

So I figure we will get news of this contract by the meeting on Sept. 28th, unless there is further delays. The previous PR said a deal in excess of $180 million, so if you divide that amount by 600K tons you get $300 a ton sales price for raw head ore. That's pretty good. I checked with a couple of large shareholders as to the price and they pretty much confirmed it was what they heard.

Stock price not rising? That's easy, as I said before I've been in this near 10 years now, no one believes management. Too many missed and broken promises in the past. People want proof now.