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There seems to be an expectation amoungst longnuts that the samples sent to various refiners will result in a contracted price the refineries will pay for ecpn dirt and checks written to ecpn. The samples sent will define nothing. The price will be determined for each and every large lot sent to the refineries for processing. It will depend on the PMs in each lot measured independently for each and every lot. Absolutely no refiner will sign a binding contract based on a small sample, especially those prepared by Randy Bouldin.
fumer, srch and irld are scams similar to ecpn. Like ecpn they talk and talk and talk about producing PMs but, like ecpn, they will never ever produce any.
Hey troutbutt, You were hoping for share price in the $0.05s to by more shares. I reccommend you wait a day or 2. $0.04 coming soon.
In other words Fume, that contract is totally meaningless. ECPN stating that they were going to make $180,000 million on the deal is the definition of false and misleading.
They have stated they have had high grade concentrates since 2005. High grade PM concentrates can be sold immediately, yet they have never sold any. The reason? Because ol ista has been right all along. There are no significant PMs at el cap. The worlds best and brightest mining people are 100% in agreement with ol ista as proven by their complete lack of interest in el cap. The hard sell to the mining industry began in 2005. The mining companies presented with el cap are an aggressive fast acting lot when it comes to valuble PM properties. SCAMs? They don't have time for them.
Fume, the $180,000 contract was with LL associated Aurasource. Gives Aurasource right to buy 600,000 tons of head ore. Actual purchase is contingent on Aurasource raising financing. This will never ever ever happen. Perhaps another test batch will be sent to China for testing. That will be good for keeping a few looney longnuts on the edge of their seats for a few months nothing more.
Invest, They still have cohorts who have shares to sell. Scumbags like Rickets and Losinsky. They are probably hoping attract a bunch of innocent newbies for one more run up. Most existing shareholders are on to their lies.
It is possible stumbleton is one of the duped. This will be his defense. However, while he can't be prosecuted for being criminally stupid but can be for criminal negligence. Like failing to release all the negative assays and other information indicating there were no significant PMs at el cap.
invest,gold, silver and platinum inquart is non magnetic. larry's boy Randy Bouldin was a big help in all the sampling efforts, even those of clydie. larry benefited a great deal from the sale of ecpn stock.
Why would you listen to what proven liars say and ignore what all the real experts in the major and minor mining companies have said with their feet. These companies very aggressively pursue real PM opportunities.
invest, I believe your information that there are measurable PMs at el cap has come from ecpn PRs. Any analysis of ecpn PRs will clearly show that information ecpn puts out has a perfect record of being false and misleading always.
For reliable information about the PM values in el cap dirt count the number of companies who have banged down ecpns doors to get a piece of the action since ecpn began heavily marketing el cap to miners in 2005. This 100% reliable information clearly shows there are nil PMs at el cap. This agrees with NMBM and USFS assays which are a zillion times more reliable than any data put out by ecpn.
invest, with modern assay techniques there is measurable PMs in just about any dirt on the planet and they can measure it pretty exactly. What does ecpn dirt measure? lets see chuckee says 1.2 opt, ol stumbelton says 0.4 opt, agers friend clyde says 0.02 opt. What is it? If there is measurable PMs why are the numbers so different? Why have they not been able to measure it?
ecpn's current deception is ludicrous. On all of many levels.
Their story about the recovery is complete and total hogwash. Experience and the laws of physics show finer the grain the harder it is to separate by gravity. And if they can separate fine material to 80% pure PMs by gravity, leaching would recover 99+% at a not so fine grind.
They have blamed the total complete failure of their many production efforts on metallurgical issues. If there are metallurgical problems then recoveries can be low. They will not be zero (0.000000000000) unless there are no PMs.
ecpn have stated that they produced 100s of tons of high grade concentrates. Many different times over many years. Yet they have never ever sold any of it.
And they never will because the concentrates contain nil PMs
Stapeleton clearly stated 8 months ago that ecpn had processed 100,000 tons of head ore producing 88 to 90% pure precious metals. ECPN state the head ore is 0.4 opt. If their recovery was 75% then they produced 30,000 ounces of gold equivalent 8 months ago. That is worth over $30 million. 88-90% PMs can be sold anywhere in the world immediately. Anybody think stapleton lied in the PR?
August 23, 2016 09:40 AM Eastern Daylight Time
"more than 100,000 tons of head ore producing precious metals concentrates for processing. The same concentrates have successfully been further crushed and refined into 88-90% pure precious metals"
invest, if they are shipping precious metal for sale then they will be able to report significant revenue tomorrow. If they are shipping melted inquart then they will report insignificant revenue. This means ista's 15 year streak of perfect predictions will continue for ever and ever.
some longs are calling for the ceo role to go to a qualified person. Trouble is anyone qualified to run a mining company will see it is a scam and leave. That's what happened with Carson, Gordon Ellis and Pavlich. Smith showed his colors when he associated with notorious mining scamer chuck ager.
fumer, Go through there PRs on busuness wire. They have had slews of contracts. They mean nothing without real action. The contract with Aurasource for the sale of 180 million tonnes of ore is especially meaningless because Aurasource is part owned by ecpn insider lozensky. Aurasoource does not have even one penny of the $180 million.
harp, tis show, all snake oil salesmen need a show for the extraction processing they do on their marks pockets
I think the non-news released yesterday will be followed up with news of another in a long line of meaningless contracts. "They is gonna sell dirt to such and such for zillions." They prolly won't mention that such n such doesn't have a pot to shishi in let alone pay zillions or even $100. If they really have PMs they don't need no contracts. Just take the super processed dirt to one of many concentrate buyers and these processors will pay ecpn for it tomorrow. If the dirt has any PMs in it. The dirt don't.
Invest, You got that right. They have announced many production processes underway that would not have needed any road permissions they did not already have. Those initiatives just went away with no explanation. The "ongoing" sale of material is totally meaningless without proof of significant dollars coming from the real sale of significant quantities. Not just a paper sale to Lozensky controlled Aurasource or other meaningless contracts like the many they have had in the past. Real sales will never happen. They have no PMs to sell.
did ol johnnyboy mean months or years when he said weeks? Prolly meant decades.
February 21, 2017 10:10 AM Eastern Standard Time
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--El Capitan Precious Metals, Inc., (OTCQB: ECPN) announced today that the AuraSource II machine that will process its concentrates for sale directly to refiners has arrived at the pilot plan site and will be operational by the end of February.
Stapleton added that the Company anticipates several key announcements and updates over the coming weeks, all of which will move forward its agenda for revenue generation and enhancement of the asset value of the New Mexico property.
February 27, 2017 07:15 AM Eastern Standard Time
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--
The Company anticipates several key announcements and updates in the coming weeks, all of which will move forward its agenda for revenue generation and enhancement of the asset value of the New Mexico property.
The original yahoo ecpn board finally went away. The replacement is still up.
finance.yahoo.com/mb/ECPN
All those projects were just chuckie spinning his fantasies
http://www.businesswire.com/news/home/20041215005578/en/El-Capitan-Precious-Metals-Divide-Divsions-Strategic
December 15, 2004 12:08 PM Eastern Standard Time
PHOENIX--(BUSINESS WIRE)--Dec. 15, 2004--El Capitan Precious Metals, Inc. (OTCBB: ECPN) announced today that the Company is being divided into two divisions: the Precious Metals Division and the Iron Ore/Sand and Gravel Division.
Charles C. Mottley, ECPN President/CEO said: "We have been an exploration and development company but now we are entering into the operations phase with our properties. The Precious Metals Division has four properties: the El Capitan Mine, which is now being put into production with a ten ton per day pilot plant. AuRic Metallurgical Labs is developing a process to recover gold, platinum, palladium and silver. AuRic has the metallurgical experience in the platinum group metals which gives us the confidence to proceed with the additional expense of drilling and testing. We are looking forward to working with AuRic. Their precious metals testing of El Capitan samples has shown commercial values in the non-magnetic ore after it is separated from the magnetic iron ore," Mottley said. The Company has acquired the services of Dr. Clyde Smith a Geologist to work with AuRic and help in the development of the El Capitan precious metals.
The second precious metals mine is the COD property located near Kingman, Arizona, of which El Capitan owns 20%, but as the operator of the gold and silver mine receives 50% of the profits pursuant to a joint venture agreement. The permitting has been completed and production should begin in January 2005.
The third property is the Weaver mine near Congress, Arizona. This mine is a placer mine with six million tons of ore, of which 150,000 tons were mined in the early 1980's. There was free gold recovered with nuggets up to an ounce in size. There are claims totaling 40 acres leased from the BLM. El Capitan owns 100% of the Weaver mine and the Company is planning on putting this mine into production when the permitting is completed.
The fourth precious metals operation is located at the Congress Mine in Arizona where El Capitan has leased a building with the purpose of putting a pilot plant there. The Company is acquiring and moving equipment to the Congress location. The high grade ore from Nevada and Colorado should be producing a positive cash flow within 30 days. This plant will be expanded upon successful results. El Capitan owns 100% of the operations. Dr James Cousino, Chemist-Metallurgist is managing this operation for El Capitan.
The Company has three iron ore mines that it is developing. The El Capitan mine has a history of producing iron ore and it is estimated there is approximately 25 million tons of iron ore with a grade of 63% or better. The Company is presently marketing the iron ore to US Steel Companies. El Capitan has 40% ownership of this mine.
The second iron ore mine, the Rainbow Valley Mine is located on 1720 acres in Arizona. The Company's plan is to ship the iron ore to the Chinese market. The key element is the railroad transportation to the US and Mexican ports. The Company has hired Steve Balich, who previously worked for Phelps Dodge Mining Company for 28+ years, including 18 years in the transportation and logistics area. Mr. Balich heads up the transportation and logistic effort for El Capitan.
The Company has entered into an agreement with MG East, which is a strategic relationship because of their experience in the mining business. The Company has a 50-50 joint venture with MG East with cash flow beginning in January 2005. In approximately 90 days MG East, our "contract miner" will move equipment to the Rainbow Valley Mine where they will separate the iron ore from the sand and gravel. The sand and gravel will be sold in the Arizona market pursuant to a previously announced joint venture agreement. El Capitan owns 100% of the Rainbow Valley Mine.
fum, he is with everyone who will take him and provide an income opportunity. It is quite a short list.
trump is slashing sec enforcement budget so I think the ecpn scam perpetrators are safe from them. Damaged shareholders could instigate civil or criminal action, but shareholders seem to be all talk and no action, so I doubt it. Also ecpn assets are worth less than $0.00 when debt is included so no lawyer will take it on for a % of the settlement as many shareholder suits are paid for. So prolly ecpn culprits will walk away scot free with their plunder. For a shareholder who wants at least some form of revenge for being ripped off the most cost effective way to get a little justice might be to bombard genesegues ceo with complaints about stapleton and his lack of ethics
Clearly the "receipt from the warehouse is not proof of anything. The warehouse will put whatever value the customer tells it to on the receipt. But then why was such a big deal made about it in the PR if it was not to lead the market to believe that the concentrates are worth $3.7 million. So, even if the concentrates were beamed in from another dimension and actually did contain 400 opt Au, the PR is false and misleading because it uses unreliable information to lead readers to believe that the concentrates are worth $3.7 million.
The PR headline - "El Capitan Precious Metals Reports $3.7 Million in Value on Precious Metals Concentrates Warehoused"
Rule 14a-9, No solicitation subject to this regulation shall be made by means of any proxy statement, form of proxy, notice of meeting or other communication, written or oral, containing any statement which, at the time and in the light of the circumstances under which it is made, is false or misleading with respect to any material fact, or which omits to state any material fact necessary in order to make the statements therein not false or misleading or necessary to correct any statement in any earlier communication with respect to the solicitation of a proxy for the same meeting or subject matter which has become false or misleading.
Git, What matters is the intention of the release and what it leads people to believe. Not the exact wording.
Clearly that release is worded to lead a reader to believe that the 7 tonnes of concentrates contain $3.7 million in precious metals. If that is known to be not true then the PR is intentionally misleading. If it becomes known to a issuer that a statement made is not true after the PR is released then the issuer is obligated to immediately issue corrections to the false and misleading statements.
Rule 10b-5, It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any facility of any national securities exchange,
(a) To employ any device, scheme, or artifice to defraud,
(b) To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, or
(c) To engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person,
in connection with the purchase or sale of any security.
git, below is the PR announcing the storage of 7 tons of cons worth $3.7 million. You can buy about 3000 ounces of gold for $3.7 million. So that works out to about 400 opt Au_eq ton. Sorry decimal error in my previous calculation. Still after making this announcement, ecpn has the absolute obligation to correct the announced value of the concentrates if and when they have information that the announced value is not correct. They have clear and convincing evidence that the announced value is incorrect. Therefore they are indisputably in breach of securities law by not announcing the error.
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.--(BUSINESS WIRE)--El Capitan Precious Metals, Inc. (OTCQB: ECPN) 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. It is also expected that the processing technology utilized by Logistica to obtain these precious metals concentrates will be the basis for the production line, under development, that will be established for the ongoing processing of concentrates from the El Capitan mine at a rate of 50 tons per day.
Chairman of the Board John F Stapleton stated emphatically that this news marks the most significant accomplishment in the decades-long history of the El Capitan mine, making the future of El Capitan Precious Metals, Inc. a commercial reality.
Since the iron skarn at el cap was created by the intrusion of an alkalic lacolith there may be a bit more REEs than normal but nothing close to economic. But they can probably get some shareholders excited about it anyway.
Not producing PM's however, has got to eventually bring down Stapleton. When will he be held accountable for his litany of broken promises and lies? He can weasel out of some by correctly arguing he knows nothing about mining. However, he has been hit over the head again and again with solid information indicating the claims of PMs at el cap are erroneous. He announced 10 months ago they had deposited 7 tonnes of concentrates from el cap grading over 4000 opt Au_eq per ton in a warehouse and that sale of this would fund ongoing operations. ecpn's inability to sell this is clear and convincing evidence that in fact the concentrates do not contain anything remotely close to 4000 opt. Is he not obligated by law to report his experiences trying to sell that dirt and what it logically means? That his statements were grossly erroneous? Is he not required by law to report the fact that dozens of companies who have visited el cap have not been able to find any significant PMs in el cap dirt? And that is the reason for lack of real buyers? That HL left because the major mining companies they brought in to evaluate el cap informed them of the lack of PMs?
Will he say "well gee ol chuckiepoo assured be them there PMs were really there so I decided to believe him and ignore all that reality banging me on the head over and over. Besides that $15,000 a month comes in handy."
The good thing about rare earths, from ecpn management perspective, is they are complex and complicated. management will be able to spin an ever changing line of BS for months and months. The amazing thing will be that some loony longgnuts will buy into it and completely forget about the promised PM production which will fade into nothingness like all their numerous previous production events.
ecpn management are gonna need a distraction from the fact that the lack of PMs el cap mean no revenue generation. They have started to get a few longnuts in a frenzy over rare earths. I think they will be putting their rare earth lies into general distribution soon. onecuzzer and his like will lap it up.
git, I have no idea. However, I doubt very much that Davidson's boss would have passed a bar exam.
Git, LL was a founder of the el cap fraud. He exited management years ago to be able to monetize the large pile of ecpn shares he owned without the interference of insider trading rules. Prolly a few private agreements with other founders to share the plunder.
He remains involved however, so I guess he wasn't able to get rid of all his shares. The new chief charlatan, Davidson, is a lackey of his.
invest, if I day traded I would have made heaps investing in ecpn using a simple but unfailing rule - "anything that comes out of ecpn managements mouth is a lie". Unfortunately my moral compass refuses to let me make money based on fraud.
invest, facts are facts, Stating something that is untrue is fact is lying.
The Absolute Truth - There will never ever be any significant PM production from el cap, this is irrefutable, there is no alternative facts
fumer, they have been backing themselves into the same corner over and over since 2005. I think their excuse this time will be some problem with the new plant, permitting, technical or both.
fummer, They absolutely have to issue the shares because they have no other way to fund the charade. They would not have to sell these shares if they really had PMs. They got nuthin. Watch and learn
invest, I am extremely worried that, there will be over 400,000,000 shares issued and outstanding before the end of March and over 500,000,000 I and O before the end of the year. Since there will be absolutely no significant revenue from their fake production show aren't you worried about this too.
ecpn can now ship dirt from el cap with trucks bigger than 12 tons. This has nil relevance to ecpn's ability to produce PMs. Supposedly this agreement was needed for Aurasource to begin shipping raw dirt from el cap and pay $180,000,000/yr for it. Where they gonna ship it? China? Aurasource has no processing plant in US. They have no money to do anything let alone ship worthless dirt here and there. The agreement for LL's Aurasource to ship dirt was created only to give ecpn management some meaningless paper to wave in shareholders faces. LL is an expert at creating meaningless paper. JS is an expert at convincing shareholders that the meaningless paper has some meaning.