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Looks like we're back in business! Looking forward to this place heating back up again.
Yeah I sold everything back in March because the situation didn't look good. I kind of quit following the company after that but was lucky enough to see the press release the day it came out. I bought back a few minutes later with both companies. Once again, MWXRF is outperforming.
Can you imagine if we had gotten this press release back in March? We'd be doing very well for ourselves. Better late than never though.
Finally!
EnviroLeach Announces Results of Process Enhancements and Vancouver Facility ConstructionPress Release | 07/17/2018
VANCOUVER, British Columbia, July 17, 2018 (GLOBE NEWSWIRE) -- EnviroLeach Technologies Inc. (the “Company “or “EnviroLeach”), (CSE:ETI) (OTCQB:EVLLF) (FSE:7N2). is pleased to announce that new upgrades and enhancements to the EnviroLeach process has yielded positive results in a series of bulk tests.
The modifications and enhancements to the EnviroLeach process, which included the addition of a proprietary 3 stage concentration process and minor formula modifications, have delivered significant improvements in performance and recoveries.
The benefits of these enhancements include:
Improvements in the overall recoveries of precious and base metals to over 90%
The production of a refinery-grade, saleable concentrate
Reduction of formula/chemistry losses to in-leach contaminants
50% improvement in process flow and feedstock throughput
Advancements in the mechanical processes including grinding, pumping, filtration and agitation
Improved leach kinetics and characteristics
Increased process pulp density from 10% solids to 25% solids
Extended reusability of the formula
Improved gold electrowinning characteristics
Improved base level economics
Reduced environmental footprint
The company has completed several lab to pilot scale and full-scale tests to confirm the results of these modifications on various low to mid-grade circuit boards with positive results. The latest 3.0 tonne bulk test yielded the following results:
Element Head Sample Light Fraction Heavy Fraction (Concentrate) Combined
Recoveries
Grade Grade Distr. Recovery Grade Distr. Recovery
Au 250 g/t 185 g/t 44 % 80 % 400 g/t 56 % 99 % 91 %
Ag 1,000 g/t 3.3 g/t 2 % 0.25 % 2,450 g/t 98 % 96 % 94 %
Pd 72 g/t 20 g/t 17 % 40 % 150 g/t 83 % 94 % 85 %
Cu 22 % 7 % 14 % 80 % 81 % 86 % 96 % 94 %
Average Overall Recoveries: 91 %
The results of the bulk testing indicate that the gold (Au) is almost evenly distributed between both the heavy (56%) and light fractions (44%) with all other metals predominantly reporting to the heavy (Concentrate) fraction. The resulting concentrate represents approximately 30% of the original mass with copper grades in the plus 80% range, gold at 400 g/t, silver at 2,450 g/t and palladium at 150 g/t. The light fraction has a gold grade of 185 g/t with recoveries in the EnviroLeach solution in the plus 80% range.
The Company is also pleased to announce that its partner, Mineworx Technologies, has leased a 13,674 sq. ft. facility in Vancouver (Surrey), BC to construct and assemble a 20 tonne per day E-Waste concentrate plant. Both companies are preparing the facility for the arrival of the primary process equipment from their world-wide suppliers. All necessary components are scheduled to arrive between August 1st and August 15th. Testing is scheduled to begin on September 1st with the commencement of half-scale production on October 1st.
The company is currently securing its first 100 tonnes of printed circuit board (PCB) feedstock for initial testing. It is anticipated that the facility will produce a high-grade concentrate which will be sold to a USA based refiner and the resulting light fraction will be sent to the Memphis facility for processing.
Duane Nelson, CEO, states: “I am very pleased with the recent bulk sample results as they exceeded our expectations. We are confident we can replicate these results in our first 20 tonne per day concentrate plant currently under construction.
The operational challenges and delays we faced at the Memphis facility were predominantly process based and were exacerbated by high levels of metal in the feedstock. Our team has developed a unique new concentration process which extracts over 80% of these metals into an almost pure metal concentrate which resolves the process issues and dramatically enhances operational performance and economics.
Both the EnviroLeach and Mineworx teams’ continued ability to overcome the pioneering challenges we face in this relatively new sector has been outstanding. The team’s extensive experience in conventional mining, chemistry and metallurgical processes have proven to be quite valuable in this fusion of technologies.”
About EnviroLeach Technologies Inc.
EnviroLeach Technologies is a technology company and near-term gold producer that is engaged in the development and commercialization of environmentally-friendly formulas and technologies for the treatment of materials in the mining and E-Waste sectors. Using its proprietary non-cyanide, non-strong acid water-based, near neutral pH treatment process, EnviroLeach extracts precious metals from ores, concentrates, and E-Waste using only FDA approved additives to ambient temperature water.
Backed by the momentum of a first-class staff of scientists and engineers, tens of thousands individual assays, independent validations and strategic partners, EnviroLeach’s technology will become the standard for the provision of eco-friendly methods for the hydrometallurgical extraction of precious metals in both the conventional mining and E-Waste sectors. Further information is available on the EnviroLeach web site: https://enviroleach.com
Finally! Mineworx Advances E-Waste Processing in Canada and the USA
Mineworx Technologies Ltd., (the "Company" or "Mineworx") (TSXV:MWX) (OTCQB:MWXRF) (FSE:YRS) (WKN:A2DSW3) is pleased to report that in addition to the excellent results reported by our Joint Venture partner EnviroLeach Technologies in their news release of today (click HERE to view) that Mineworx has most recently achieved the following:
-- Doubled the size of our current 7,050 sq. ft. fabrication facility in Coquitlam, British Columbia to almost 14,000 sq. ft.
-- Leased an additional 13,674 sq. ft. facility in Vancouver (Surrey), BC
-- Commencement of a 20 tonne per day E-Waste concentration plant to be assembled at our new Vancouver (Surrey) facility with our Joint Venture partner EnviroLeach Technologies Ltd.
-- Appointment of a Human Resources, Health and Safety Manager.
"These combined facilities will quadruple the capacity of Company's E-Waste fabrication and production capabilities to almost 28,000 square feet," Commented Greg Pendura, CEO. "This expansion now enables Mineworx to move quickly upon the site acceptance of the Memphis, Tennessee E-Waste processing plant to immediately expedite our business model in this dynamic sector."
To facilitate with the expansion and transition into a fully operational organization, the Company has hired Sarah Heath as the Manager of Human Resources, Health and Safety. Sarah brings multiple years of experience in these functions and will assist with the progression of the Mineworx/EnviroLeach JV as it moves into commercial production.
About Mineworx
Mineworx is positioned for growth through partnerships with advanced mining and E-Waste opportunities utilizing its proprietary and patent pending extraction technologies. These innovations will increase and enhance business opportunities by deploying cost effective, environmentally friendly extractive metallurgy solutions.
https://www.otcmarkets.com/stock/MWXRF/news/Mineworx-Advances-E-Waste-Processing-in-Canada-and-the-USA?id=198199
You're just setting yourself up again to look silly.
If you're in crypto (bubble) or this stock (scam), I'm speaking of you. I was in this stock back in November and I saw exactly what was going on and cashed out in December. Just a steady decline in share price and company dilution.
If you don't agree, then keep buying and see what happens.
It's okay man. It's easy to get wrapped up in scams and bubbles. Crypto was a ridiculous bubble and this stock is basically a scam to be intentionally diluted by the company to fund its operations. They don't give a shit about the retail investors. But then again, most OTC stocks are like that. Tough lesson, but always be willing to cut your losses when things start looking fishy. My opinion, of course.
Everyone's watched and some have learned, but it looks like the child here may be you.
Very interested for any news around Sept 1st. I still check for info on a daily basis even though I don't post like I used to. As I said a couple months ago, this will be VERY educational in the long run. I'm not spending a dime until we get some legitimately positive news on the success of that TN plant. I've learned so much on this whole story from top to bottom. Hope no one lost too much on this one.
Almost June and we finally get an operations update. Here's the most notable piece, in my opinion:
"The installation and testing phases have been delayed due to higher than anticipated metal content in some of the pilot plant feed stock which adversely affects subsequent downstream processes such as agitation, pumping and filtration. We have determined the necessary modifications to the line and are currently installing new equipment to resolve these outstanding issues."
They STILL can't get it working even after all this time.
Almost June and we finally get an operations update from Enviroleach. Here's the most notable piece, in my opinion:
"The installation and testing phases have been delayed due to higher than anticipated metal content in some of the pilot plant feed stock which adversely affects subsequent downstream processes such as agitation, pumping and filtration. We have determined the necessary modifications to the line and are currently installing new equipment to resolve these outstanding issues."
They STILL can't get it working even after all this time.
Nah, smart investors will cut their losses instead of putting their investing life on hold waiting for some shitty OTC company to make them happy with a press release. The precious metal investing world has been in the dumps for the last several years (excluding 2016, of course), so I wouldn't be surprised if David Morgan had to resort to this scheme for some cash to pay the bills. He doesn't work 9 to 5 for a paycheck, so he had to make his money some way.
It looked good for awhile and people made and lost money, but the jig is up.
This stock was only created to be diluted so that the company could finance its operations. It has no intention of ever making this a real listed stock. Just a scam.
Hope is not a strategy.
"Crypto prices haven’t bounced buddy",
"And when they did bounce decently"
lol. Just lol.
Look at the 6 month chart. It was an obvious heavily promoted pump and dump. The company might be real and look to make a profit, but they don't give a damn about the shareholders. Very obvious at this point.
Like many OTC companies, they have shown they don't give a crap about their shareholders. No matter how solid a company might be in products and sales, stay away from investing in it if it neglects its shareholders. Hope is not a strategy when it comes to making money in the stock market.
I'm waiting on the right long-overdue news to be released before I jump back in. It's all fundamentals at this point.
Regardless of what happens, this will be highly educational for anyone who invested in these two companies.
$LE up 26.71% after solid earnings and conference call.
$LE up 26.71% after solid earnings and conference call.
$TGEN - Nice gap up today on solid earnings.
*Tecogen Q4 EPS $0.01 Beats $0.00 Est., Sales $10.264M Beats $9M Est.
$TGEN - Nice gap up today on solid earnings.
*Tecogen Q4 EPS $0.01 Beats $0.00 Est., Sales $10.264M Beats $9M Est.
Nice gap up today on solid earnings.
*Tecogen Q4 EPS $0.01 Beats $0.00 Est., Sales $10.264M Beats $9M Est.
Vivint Solar Wins Four 2018 Stevie Awards
Outperform by Wells Fargo and Oppenheimer. Nice gap up with good volume!
Yeah I noticed that a little after I typed it. Either way, they're both bullish patterns.
Speaking of Jabil, they were up big today on earnings. Nice cup and handle formation beginning in January followed by today's spike in sp.
Completion Of Construction Of Advanced Biodiesel Pre-Treatment Unit Required For BP Supply Agreement
Total revenue for 2017 was 2.1 million compared to no revenue for 2016. Fourth quarter revenue was 0.9 million compared to to 0.6 million in 3rd quarter. Good sign.
Insane price action for a single day! I bought in late day hoping for another run come Monday!
Nice earnings and a big gap up on a Friday! Another big run Monday?
I am still basically optimistic, but if you go back to the January press releases, the companies (EVLLF and MWXRF) made it sound like they were pretty much good to go with the Memphis plant. Now here we are in mid-March and nothing.
I still have a decently-sized position in both companies after reducing them by half, but I'm very cautious at this point.
Just saying what many are thinking.
LOL I sold at 9.88 for a 2.19/share profit. I'd like to see a 50 percent retracement of the day's high and I might buy back in.
First world problems, man.
Company is starting to get long overdue on their Memphis plant. I wouldn't spend another dime on this stock or MWXRF until we get genuinely good news. I've already reduced my position of both stocks by half over the last week. I owned both stocks a year ago, so I'm green even if these things go to zero.
HUGE breakout today on some great news! Considering it closed near its day high, another gap up tomorrow?
Well making it to the final four out of a hundred is still quite respectable. Also consider they won the Twitter poll on who should win.
"JBL already owns 90% of the eWaste tech so no other company is going to be very excited about buying that part of the biz from ETI."
Gibberish.
Mineworx and Enviroleach up big Friday...big news coming next week?
I agree that the Disruptive Mining competition results aren't as important as the Memphis plant and mining operations. However, if they DO win, I really hope they put the news in a press release. Getting a little scarce on official news lately.