El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

!$GUIDANCE UPDATE$!
Well the 10Q, for the Q which ecpn states is the 1st revenue Q ever, is out. The 10Q states some revenue. $3600 in PMs minus the bar processing equals about $2,000 in revenue from a bar with 5% PMs. Let’s forget the fact that the stumbleton’s statement that their hyper cons are 88% to 90% pure PMs was a complete and total lie. Stumbleton reckons, very conservatively, they will hit $3,000.000 in revenue before the end of the year. Let’s see, that would take 15 bars like the last one every day until the end of the year. Does anyone think that $3 million before the end of the year is not a total and complete falsehood?

So where from here? The end of the year is fast approaching so the BS that they are gonna approach break-even before the end of the year is gonna start to smell very bad soon. I think they will take a que from the likes of srch and irld and switch from promising the moon to moaning about how they are valiently fighting tremendous metallurgical problems and making fantastic progress. Srch and irld also have no PMs but have proven that it is possible raise money processing non-existant PMs almost forever.

For a preview of future ecpn PRs, read some of the irld or srch PRs over the years and years. They prove that money can be raised by just pretending to run very fast and going absolutely nowhere. Ever.