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Some think that the "copper" in the doorstop for JM update was a mistake. I don't think it was a mistake. Copper was part of the inquart added to the doorstop. They needed the copper in there to make sure all the Pt inquart added to the dirt went into the doorstop. It would be a shame if that expensive Pt inquart they added to the dirt stayed in the slag.
Well the quarter is done. In July ol sumbleton reckoned ecpn was gonna have $3 million in revenue by the end of 2017. Let’s see, in the 2+ months since he said that ecpn posted around $8,000 in revenue. So ecpn only gots ta book $2,992,000 in revenue in the next 3 months ta reach ol stumbleton’s target (I think he said conservative target). But then ol ista reckoned they only had enough inquart to book max $50,000 in revenue. But what the heck does ista know?
196% of nil is nil. $4000 is 1% of monthly burn rate. For revenue to go up burn rate will go up to buy more inquart.
The majors were presented with el cap 12 years ago. They do not forget. They know what ecpn has. If el cap had 5% of what ecpn management said el cap had the miners would be all over el cap. Claims staked for 10s of miles in all directions. The claims in the area are documented proof of lack of interest of the mining industry.
So the experts in the mining industry agree with my assessment of ecpn, the market agrees with my assessment of ecpn and common sense agrees with my assessment of ecpn. Who disagrees? Self interested mining neophytes.
Well the self imposed deadline ecpn set for reporting July revenue numbers is up tomorrow. It will be pitiful;y small just like the June number and like the 2017 number will be. they will have less than 5% of the $3 million they projected. But they will have at least one very big number - DILUTION.
drum, concise and to the point.
No gold, harder and harder to hide even when they muddy up the waters with make believe osmium
No profits - a vast understatement, huge negative profits are the inescapable ecpn facts of life for the rest of its life.
BS - the only thing that still works for ecpn, people are still buying shares based on ecpn lies.
Is stumbleton setting up his escape? putting 2 non-technical shareholder reps on the board will make that escape easier. These new board members won't be able to transmute plain dirt into PMs but they will settle down the shareholder base for a little sleep, then exit Stage Right. New board members left with a hopeless mess in their hands.Stumbleton able to dribble his shares out without reporting.
I think my prediction, that an increase in authorized shares to 600,000+ would occur before the end of Feb next year, was too conservative. The rampant dilution seems to have frenzified this quarter.
Invest, PMs are not complicated to recover, They have stated many times they have produced high grade concentrates by simple methods. They stated the warehoused cons graded 4000+ opt. That could be sold to any smelter and they would recover 90+%.
No concentrate method is perfect and there is always some PMs lost to tails. This is especially true for gravity and magnetic methods. So why have ecpn never ever indicated what their recovery % is for any of there shows?
pani, what lies are you talking about. There are none. You are lying about me lying. Are you referring to my statements that if ecpn had the PMs they said they had there would have been huge interest from the mining industry and a massive claim staking rush for miles around? That is 100% true. You are terribly misguided if you think that is a lie.
so virgi-boy, you say you are making money on the recent action, indicates you are selling at 0.05 to 0.06. What do you reckon is a good sell point? 0.052 or 0.056?
invest, what do you think of the new PR in the context of slightly older PRs?
September 28, 2016
The Company has mined and performed primary crushing of 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
In the quarter ended June 30, 2017, the Company recognized its first precious metals sale revenue from the sale of a small sample test bar processed by the refiner. Although nominal, represented the first sale of precious metals extracted from mineralized ore recovered at the El Capitan property. The sale, before cost deductions, was $3,637 and initial setup and processing charges amounted to $1,557. Precious metals recovered from the 4.18 lb bar were as follows:
Gold 2.53 oz.
Silver 0.54 oz.
Platinum 0.88 oz.
July 17 2017 - The metal bar shipped to the refinery was found to contain the following elements by weight:
Gold 65%
Platinum 15%
Silver 20%
!$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.
gotcha, my miners are up too, too bad for ecpn shareholders ecpn got no gold
by the way virgiboy, gold broke $1300, you promised ecpn share price would soar if gold broke $1300, I guess that prediction is worth that same as all your predictions $0.00000000000000000000
Virg, since ecpn gotta buy inquart to show revenue, a rise in the gold price is bad news for the stock
pani, i say ol larryloo was a bit stingy with his inquart.
And revenue was not $3,637. It was $3,637 - 1,557 or $2,080
So the doorstop had 5% PMs, hmmmm, what was the rest? Scamimium? And what happened to 88-90% pure PMs hyper concentrate? seems that was a super hyper lie. You gonna keep believing these guys?
September 28, 2016
The Company has mined and performed primary crushing of 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
In the quarter ended June 30, 2017, the Company recognized its first precious metals sale revenue from the sale of a small sample test bar processed by the refiner. Although nominal, represented the first sale of precious metals extracted from mineralized ore recovered at the El Capitan property. The sale, before cost deductions, was $3,637 and initial setup and processing charges amounted to $1,557. Precious metals recovered from the 4.18 lb bar were as follows:
Gold 2.53 oz.
Silver 0.54 oz.
Platinum 0.88 oz.
July 17 2017 - The metal bar shipped to the refinery was found to contain the following elements by weight:
Gold 65%
Platinum 15%
Silver 20%
ecpn is a scam
pani, you will be happy to know dastardly ista has been proven wrong. Ista predicted that dilution in the quarter ending June 30 would be at least 10,000,000 shares. Well ista was wrong!! it was only 9,693,422 shares. Also he said revenue for that quarter would be less than 1% of annual burn rate. Well the news for him is it was not just less than 1%, It was way way way less at 0.1% of annual burn rate. Smarten up ista!!
pani, ecpn has been able to stay in business because they have been successful at selling lies. They are actually very good at it. Just look at the history of all their statements that turned out to be false, all there many promises which were never even partially delivered on. I think it is a real credit to management that they have been able to assemble a group of shareholders which can be lied to over and over and still accept new lies as truth.
So let me get this straight.... invest,
ecpn presented the worlds best PM deposit on a platter to a bunch of major mining companies, starting in 2004, and the experts in the mining industry just ignored it. ecpn do not even need to keep their claims up to date because nobody will stake claims around them.
The likes of chuckiepoo, whose mining experience outside of ecpn has been selling a few trucks, knows way more about geology and metallurgy than all the experts in the mining industry combined.
Did I get all that right?
invest I didn't say that they were diluting without reporting. They just don't have to report every time they dilute. They say ahead of time we might sell some share to equity line and that is all they need to do. In the mid march and mid may filings they announce up to 25,000,000 shares to be sold each time. I think those shares can then be sold anytime they want to in the future.Between March and April they have lined up 50,000,000 share they can dump without saying anything more except report the total in the 10Qs. I think that is how it works. Correct me if I am wrong.
JS isn't risking much. He is non technical and believes what his technical people tell him. I think Larry prolly supplies some support for board members and is owed. Prolly made ol chuckiepoo an offer he couldn't refuse.
invest, js is doing his job, he figured out a way to do massive dilution without having to file everytime and upset you poor shareholders. this was the reason for the changes in the equity lines. The next 10Q will show that serious dilution is continuing.
They bother because larry still has shares to sell and he wants to sell them for more than 3 cents. larry's lackeys, DD a and RB, are managing things for larry on the inside. does stumbleton even know what is going on?
I think you are a real nice guy too pani and I do not wish you to lose money. I appreciate your indecision. If ecpn has what they say they have it is a no brainer. At these levels buy, buy, buy. But they been a saying they have these PMs for 20 years but never ever actually come up with any. All the krrap about complex ore is just that, Krrap. If it was really complex they would not be able to concentrate it with gravity and magnetics.
They have a geriatric geologist on the board who they gush about but nothing about Davidson. Who now is the key guy. The expert metallurgist who is gonna turn the mining industry on its head. Where is his CV. Why is ecpn not trumpeting his vast accomplishments in the mining industry? Is it perhaps because there are none? Is it because he is merely a larry lackey? A common sleigh of hand srteet magician.
pani, you been listening to Full of Malarkey arkie too much. ecpn is allways rolling to take money from newbies like you. They have had a constant stream of new fangled machines and snake oil salesmen to run them over the last 20 years. Rememeber wendell the loon? sunprancer? arrakissyourmoneygoodbye? Planet? Precision? and of course the famous 200 tons.
DD and his machines are no different and will have the same result. The method is not the problem. No PMs is the problem.
pani, that article is just a spoonful of puddin from the swimming pool full of pudding proving ecpn is a scam. Real PM mines producing the level of PMs ecpn says they were producing don't shut down for nuthin.
pani, proof is in the pudding, the pudding will be continued massive dilution and piddily revenue. how much of this pudding are you willing to drown in before you believe me? They have been producing this pudding for 20 years.
pani, they have proved many times in the past they can mix metal with dirt and melt it into a doorstop. Those doorstops produced so little revenue they were embarassed to announce what it was if anything. They will put off announcing what they will get paid for this one for 45 days, if they get paid anything at all. Of course the temtation to add a bit of inquart is strong. Larry prolly still has millions of shares. Putting $30,000 of inquart into the bar would probably pop the volume and get the price to 0.10. If he could dump 3 million of his shares then he would turn that $30,000 into $300,000. Good investment. easy to do with david and randy in his pocket.
Sure pani, feel free to ask me anything. I assume the inquart found its way with the help of someone putting it there. They coulda done it at the mine at numerous points in the plant, they coulda done it when loading the cons, they coulda done when unloading the cons, they coulda done it during any one of the 400 days the cons sat in storage, they coulda done it moving ore to the hyperconcentrator, they coulda done it at the hc they coulda done it during smelting. In fact when smelting is exactly when they added the silver inquart a few years back when they decided to turn el cap into a silver mine.
Who did you ask? Well I suspect it was one of larry's lackeys or both.
pani, they was measuring and analysing inquart. As the 10Q will show tiny amounts of inquart. They be selling dilution shares like crazy as we speak to pay for more inquart. To get their revenue up. If that is their plan then look for an increase in the authorized shares from 500,000,000 to 600,000,000 before the end of the year. Maybe they won't mess around and increase the authorized to 750,000,000. stumbleton will say this is for negotiation purposes only. Will you believe him??
ecpn stated a month ago that the concentrate thet were producing and trying to sell is 88% to 90% pure precious metals. What is completely indisputable is that a concentrate with 88% precious metals could be sold to 1000s of smelters and refiners around the world immediately and payment would be 90% of the PM value and quick. There is absolutely nothing stopping ecpn from mining to the max, concentrating to the max and selling to the max. Nothing except the PMs from el cap are nothing but a lie.
There ain't many people in this world as full of Malarkey as arkie. He knows ecpn is a scam but then tells people that scam means something completely amazing materializes. And this is true but only in arkie's alcohol induced delusions. In the real world ecpn ain't never gonna produce any significant PMs from el cap cuz there ain't none. Get ready for a pivot to iron. el cap has a bit of iron, trouble is it is uneconomic to mine. Don't count on stumbleton to tell the truth about that.
Pani, are the guys you refer as the ones “that do know” be full of malarkey arkie and onecuzzer? Check out their record of correct statements. I don’t think you will find even one correct statement between the 2 of them ever. They are either lying scamsters or they know absolutely nothing. If you listen to them for your investment decisions you are kissin your money good bye.
wow panipooh how exciting!! will the announcement be anything like the totally BS announcement below from a year ago? probably will. ecpn management is efficient. They don't have to write new press releases thet just issue old releases and change the date.
August 23, 2016 09:40 AM Eastern Daylight Time
It is a pleasure to report on our mining consortium’s progress, successes, and the status of our negotiations with a major international buyer.
This year is already a record-setting year for El Capitan Precious Metals, Inc. The Company has mined and performed primary crushing of 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 which when completely processed by a refinery yields 99% pure precious metals.
This successful recovery of precious metals from El Capitan concentrates has been demonstrated to several international buyers. The Company is now in late-stage contracting with one of these buyers for the purchase of concentrates over the next 12 months, FOB the mine, at a purchase price of more than $180 million. This contract is expected to be fully executed in less than 60 days.
Some of y’all shareholders are prolly scratching yer heads about why sometimes el cap is a silver mine, sometimit’s a gold mine and sometimes a platinum mine. Well chuckiepoo explained all that back in 2011. He spelled it out clear as day. You use the right technique you can get any kinda mine you want. Below chuckie lays out the formula to have a silver mine. Thanks a bunch chuckie for clearing that up for everyone.
December 27, 2011
We were able to develop a pre-roast silver-lead collection recovery process. Using this recovery process we were able to produce and sell two dore bars. The first test on 200 pounds of 10–to-1 concentrates (equivalent to 2,000 pounds, or one ton, of head ore) produced 41.5 ounces per ton of silver and .199 ounces per ton of gold. This dore bar was sold to a private individual. In addition, we ran the silver-lead collection recovery tests on nine, one-pound samples of head ore. These tests were also very successful and produced results comparable to those achieved in producing the dore bars.
Because of these successful results, management decided to focus on the silver-lead collection recovery and postpone any additional research work on our Denver project. The silver-lead collection results give the company a viable recovery process, which eliminates the need for further research and immediately enables us to move forward on the sale of the ECPN property.
Over the past few months we have experimented with one-pound samples, half-pound samples and, finally, 30-gram samples of head ore using three grams of silver inquart. It is my personal opinion, after working this past year with chemists and metallurgists, that we have developed a method – using micro-cluster technology – to recover nano particles of gold and silver. The standard method of assaying, using only two or three grams of ore, appears to limit the effect of the silver in attracting the particles of silver and gold in the micro-cluster.
PS - 3 grams of silver in a 30 gram sample is 3,400 opt silver
rb, sorry to hear about Virginia.
The last sentence in Wiles piece stated "sooner or later, ecpn will have to delive real results". When there are people like ecpn shareholders buying shares it could much later rather than sooner.
After 2 years of promising imminent sale, production or rapture and delivering absolutely nothing, JS has a bunch of the shareholders eating out of his hand again. He has them accepting that there will be no real revenue this year and that this is normal and acceptable.
They accept that ecpn has produced very high grade concentrates but can't sell them because only ecpn has the secret sauce to unlock the PMs. Obviously there are no chemistry majors in this flock of shareholders. But these shareholders also have to accept that ecpn has shut down this highly productive mine because?????? They might make too much money? no because they lose too much inquart processing the dirt. Recycling inquart is a terrible business model. So the ramp up of production will be a ramp down.
Did anyone catch ol stumbleton mentioned they was gonna restake some claims in a couple of months? One minute he is saying they got 141 milion tons at 0.4 Au eq and the next he is saying there is open ground around their claims which they is gonna stake when they get around to it. In fairy tale land you can do that.
In the real world if you have 141 million tons at 0.4 of real Au eq there would be swarms of crews from multiple companies staking claims through the night for miles around. Starting immediately. If you gots 141 million tons of 0.4 opt Au eq.
However, if you just got worthless dirt then no worries. Stake the new claims in a few months when ya get around to it.
muttley is still scamming people with his new extraction methods which find PMs where there ain't none. They have mixed it up and now they gots osmium and iridium too. In reality they ain't got nothing but worthless dirt and randy to spike a little bit of the worthless dirt when necessary. With suckers around every corner this scam could go on forever. They will come up with more lame excuses for no significant production at years end. Will onebeliever yet again trumpet another next year as the year of nirvana? The nirvana that never comes and never will come.
rb, you were spot on way back then. The dirt will not change so you will always spot on. The same lies continue. How much longer will longnuts continue to believe the lies?
Where did you get the idea that ecpn was gonna get all those 8 metals from their bar? The ecpn PR mentioned 3 metals in the bar adding up to 100%. Pd was not included even though Pd always occurs with Pt. Seems you are disbelieving ecpn PRs and believing anonymous posters on the internet.
They have announced many many times over the many many years many huge successes. But they have never ever had any verified real successes. I can’t wait to read the next 10Q. It will prove my predictions right.
Regarding who to believe - You think that proven liars with nil mining experience, JS and CM, should be believed, and the real experts who evaluated el cap over a decade ago should be disbelieved. You think that a guy with no real education or experience in metallurgy, DD, should be believed over real mining experts. You also think that the decades of lies from CM, LL and JS should be ignored.
You say you believe Johnson/Mathey. Exactly what have they said that you believe?
they announced in January 2015 that they would have $22-26 million in revenue in Fiscal 2015. How did that go? About as good as all their other revenue announcements. The same will happen with this last one and all the ones to come
Betcha any "revenue"announced in 10Q is less then 1% of annual burn rate. Betcha dilution this quarter will be 10+ million shares and 5+ million shares of dilution next quarter and the quarter after that. Betcha revenue to end of the year is less than 10% annual burn rate. Betcha revenue will never be more than 10% of costs. Betcha they use inquart. Did they deny this at the meeting?