El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

"El Capitan Precious Metals Reports $3.7 Million in Value on Precious Metals Concentrates Warehoused via Logistica U.S. Terminals
May 31, 2016 02:38 PM Eastern Daylight Time

SCOTTSDALE, Ariz.--El Capitan Precious Metals, Inc. announced today that its contracted processing agent, Logistica U.S. Terminals, LLC, has placed in excess of seven tons of precious metals concentrates into a bonded COMEX warehouse in the name of El Capitan Precious Metals, Inc. The warehouse receipt demonstrates the value of the concentrates to be $3.7 million.

It is expected that the proceeds from the sale of these concentrates will support the operating capital needs of the Company as it ramps up its operating plan."

I think the telephone wire in question is the one from San Fransisco to Moscow.