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pertinent post from another board, @Eric, if you believe what they say then they were able to produce those concentrates worth $3.7 million in a few weeks. The 7 tons of concentrates need a grade of 440 opt Au eq to be worth $3.7 million. 440 opt is extremely high grade. Very easy to sell. And apparently very easy to produce. So what do they do? They have this highly productive mining operation producing a very high quality concentrate which could be sold anywhere and they shut down the mine and put the concentrates in storage for over a year. Meanwhile dilute shareholders like crazy to cover costs. So if what they say is true they have turned a highly profitable mine into nothingness. Does this make sense to you? As a shareholder does this not make you very angry. The one and only logical explanation for el cap not becoming a extremely profitable operation many many years ago is because the PMs are fake PMs.
fumy, the proof of PMs now is no different than the proof of PMs they showed 16 years ago. If you take their proof in context and apply logic then their supposed proof of PMs is actually proof of no PMs.
fumy, go through the old PRs since 2004. This is about the 15th time they have gone into production. All these announce production initiatives have come to naught. So will this one.
fumy, inquart is purified PMs added to dirt to help collect PMs in the dirt. It ensures you get a shiny bar when the dirt is melted, PMs in the dirt or no.
panipoo, the FBI has no time for a 2bit scam like ecpn. Bre-X was hugely biger and hadmany institutional investors. ecpn is too obvious a scam to fool institutions
Please point out where I lied.
I said ecpn is producing only tiny amounts. Yet to be seen.
I said if they had 440 opt Au eq cons they could send it to a smelter and get paid right away for 90+% of PMs. 440 opt is very high grade. Smelters would compete for it.
the USFS and NMBM assays are a matter of record. look them up.
ecpn has stated all sorts of grades and metal ratios. this is in the PRs
According the annual reports ecpn has spent $31+ million in the last 16 years, How have they advanced, they seem to be in the exact same stage as 16 years ago
ecpn made a concerted effort to sell el cap starting in 2004. the mining industry has carefully studied el cap and know exactly what it is. If it was 10% of what ecpn says then they would not be ignoring it, but that is what they are doing.
fumer, will the party be as big as the one back in January 2015 when they announced they was gonna have $22-26 million in revenue in 2015 and $4.3-$5.3 million would be profit? I guess the one now will be a bit smaller on account of the revenue will only be a measly $3 million and may just cover costs. How was that 2015 party anyway? Pickup any hot chicks?
that's laughable panipoo, they announced the cons put in storage in May 2016. Where was JM then? Who selected the cons just processed and transported them to the plant? what hand did handy randy have with the many different movements? A small handful of salt is all that would be needed.
The proof is ecpn producing only tiny amounts. The proof is ecpn not sending the dirt to a smelter but storing it for over a year while diluting shares like crazy. The proof is in the USFS assays. The proof is in the NMBM assays. The proof is the wildly varying grades. The proof is ecpn spending $31,000,000 at el cap and getting nowhere. The proof is the total lack of interest by the experts in the mining industry even after being presented el cap on a platter. The proof is the mining investment houses lack of interest. The proof is in ecpn never ever coming even a tiny bit close to their projections.
panipoo, Johnson-Matthey specialize in recycling, that is good because there is little doubt that the PMs in the tins are recycled inquart. ecpn admitted using inquart in the past. Have they stated they are not now? No they haven't. Maybe only handy randy and his master larry know about the inquart.
Ecpn stated they had 7 tons of 440 opt Au_eq cons in the warehouse. that is very very high grade. Any smelter would take that and give back 90+% of the PMs. Why did they not just sell it to a smelter and avoid the current frenzy of share dilution??? Because every one would find out very very fast about the lack of PMs. They need time to sell 10s of millions of shares to buy inquart.
So they will go to their strength now. They will drag out this production circus show for months and months with nil revenue until they come up with an excuse for nil production, nil revenue but lots of negative profit. They are well practiced at this. They have been doing it for 16+ years. Took $31 million from investors and made it all disappear.
No PR this AM so I guess no new news at the meeting, stumbleton will prolly tell attendies the following:
Yeh Yeh Rah Rah we gots an agreement with the USFS so we can access our completely inactive mine.
The pilot plant has been overrun by nano-gremlins, but no worries, dd is zapping them his XRF gun, but in the meantime production is slowed to an almost imperceptible crawl
Ecpn is not shipping cons to a smelter because … aah geee well JUST BECAUSE!!!
PFL is in super secret negotiations, I can’t talk about them but all shareholders should use their imaginations and get a stiffy
Massive dilution is cool man, superduper good for all shareholders, trust me, just trust me
The info meeting hasn't even happened yet but it has already successfully accomplished its purpose. It could be cancelled tomorrow morning and it would still go down as a roaring success. ecpn has been able to dump a pile of dilution shares into the buying leading up to the meeting hype. I reckon they got rid of 2 to 4 million intrinsically worthless pieces paper and raise $100,000 to $200,000.Why that is enough to provide enough money for ecpn to accomplish nothing but disappear money for a whole month.
Well the circus show is on tomorrow. Some shareholders are very excited to go see the clowns and the magic voodoo snake oil shows. Will it be enough to keep the share price above $0.07? Time will tell. Like always, there will be promises of impending riches and maybe a meaningless contract or two, but no concrete sale of any significance. There will be lots of hand wringing about the nasty nano banano gremlins, micro cluster frucks and malissimo PM coatings. But Darling Davidson will be there to trumpet his valient fight against these phony enemies and other figments of his imagination.
Git, someone mentioned stumbleton was working up a new business plan and promotion to newbies is no doubt part of it. They got to do something. The entire charade is dependent on selling shares. And even long term diehard shareholders like easy going nitwit and doug the whiner are showing signs that they have finally figured out that management is nothing but a pack of liars.
So management needs to go out and look for new blood to buy shares so they fund the circus shows, pay salaries and can afford the inquart to keep the charade going.
They still can count on the ravings of the likes of arkie using lofty snake oil words to convince newbies that ecpn is a metallurgical pioneer and not the 2bit scam that it is.
anybody that happens to run into ol arkietoy please let him know that I appreciate his concern but he doesn't have to worry about me having a meltdown. The recent threat by ecpn to actually produce something of value is no different from their previous 15+ threats to produce something of value. Check out the stumbelton guidance PRs from a few years back.
But even if by some extremely extraordinary miracle ecpn actually produced some real income I would be happy for the long suffering shareholders. They deserve it. No way I would melt down. I would smile and say Wow miracles do happen. In the meantime they also deserve my extremely extraordinary logical advice about the real world of mining/metallurgy/logic.
But sorry, I have to say that nothing has changed. oneBSbeliever's prayers for God to put PMs in the dirt did not work. There still ain't none. The shareholder meeting may deliver a tiny bit of melted inquart but nothing confirming el cap has any significant PMs.
What will the stock price do when the next 10Q shows that burn rate funded by dilution far exceeds any of the pitiful revenue posted? If they are on the crux of real income why such a flurry of dilution?
Mrgoldless,chain of custody means nothing but some procedure was followed. The refineries representatives did not sleep with the dirt. There is absolutely no reason to. They will pay for the PMs in the dirt when it arrives to the refinery and is processed. They will not pay what ecpn says is in the dirt. You cannot say there is no inquart. It is impossible for you to know. My proof is the 16 year history of ecpn production of nothing. Your proof? You have no proof. Not even a bit of evidence except for statements from the mouths of proven liars.
invest, There will never be any proof of real PMs. There are no real PMs. The el cap PMs are nothing but fantasy.
get, Have I ever been wrong about ecpn? Nope
get, No it would not make it wrong. They can buy inquart and sell it and claim revenue. Then sell shares and buy more inquart to melt and sell. This has nothing to do with the PM content of el cap dirt. One thing is beyond doubt - they will never ever have any net income from their "PM mining operations"(inquart recycling operations). They will only have losses which will need to be made up with share sales. The higher the production of melted inquart the higher the losses and the higher the need to dump shares. For this reason their production side show will be kept at a very low level.
get, I have been proven correct over and over during those 20 years. I have not spread lies. I have been a beacon of truth. You will not even try to dispute that I have been a beacon of truth because the facts show clearly that I have been. The side show fantasy story they will be telling soon will not result in any net revenue. It is just more deception. Another in a long line of fantasy stories they have been telling. The record speaks for itself. This fantasy side show will be no different.
get, the other absolutely proven fact is you have no clue about ecpn.
gettineven Friday, 03/18/16 02:07:14 PM
Re: i_invest_utrade post# 407
Post # of 1433
IMO revenues will begin in two weeks cheap shares are about over
get, What is 100% true is that platinum never occurs without palladium in natural ore and that no ore containing gold, silver and platinum does not also contain significant base metals like copper. By stating they have produced a bar made up of 100% gold + silver + platinum they are admitting that they have used pre-purified metals to create the bar. That be inquart. These facts are undisputable. Facts are facts.
news!! ecpn buys inquart with funds generated from share sales, mixes various inquarts together, melts it into a doorstop and sells it, losing gobs of money in the process but enhancing their share selling activities which will allow them to lose gobs more money
All PM concentrates can be sold for real money real fast. The reason ecpn have been unable to sell concentrates, after 15 years of trying, is there are no PMs in them. ecpn only have fastasy PMs. Refineries buy concentrates with real PMs fast and pay quick. They do not buy fantasy PMs. ecpn management, past and present, are a pack of liars. This has been indisputably proved over and over and over.
like all ecpn contracts the latest will be "awaiting final assays and payment" until it simply disappears into the shrouds of time and is forgotten by shareholders. They might get paid a tiny bit for the melted inquart sent to this world famous refinery with only ecpn as a client.
harp, did you notice that many of the big blocks going today were sold for a price listed to 4 or 5 decimal places and/or the number of shares in a block end in a digit that is not a zero? From past experience this is a sign of equity line selling. In other words they are ramping up their usual early in the quarter dilution party to make sure their salaries get paid.
Who is buying? Their behind the scenes promotions to mining neophytes is running full steam ahead.
think about the positive impact the $31,000,000, ecpn has thrown down the drain, could have made to the American economy and the American people if it had been spent in a productive way. Instead it was pissed away on enriching a few con artists. Their only excuse is they are incapable of making a living in a productive way, so they had no choice.
ecpn management 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. This is why ol stumbletons "transactional focused team" are total falures. They got absolutely nothing to sell but lies and no mining entity will buy into their lies. Only a few unsophisticated investors will buy into the lies. They are finding enough of those nitwits to stay alive.
tell them you are an rich farmer from Iowa looking for a PM company to invest in and know nothing about mining. They will gleefully rub their hands together and welcome you with open arms.
git, like you said they are having the meeting in the middle of the week in the middle of summer to minimize attendence. It is a "informational" meeting so no questions need be answered.
They have had bouncers at previous meetings. Probably will at this meeting. Will they turn people away? That would look kinda bad. After all aren't they trying trumpet to the world the fantastic value of el cap. If they really got sumthin they should be inviting Ricard Quest to cover the business aspects, Bill Nye the Science Guy to handle the incredible scientific advances ecpn have made turning dirt into non-existent PMs.
Harp, so you saying they normally do what they say??
let's see, Did they
-put the COD mine in production in 30 to 60 days like they said in May 2004?
-put 4 mines into production like they said in Jan 2005?
-put a 10 ton/day pilot plant into production like they said they were doing in Dec 2004?
-split profits from the 200 tons of cons processed by Planet in 2010?
-file patents for the wendell the loon method?
-update the fake 43-101 like they said in march 2012?
- produce PMs from 180 tonnes of concentrates in Aug-Sep 2012 like they said in Aug 2012?
-complete the processing and production of PMs from 180 tons of concentrates by Nov 5th 2012 like they said in Oct 2012?
-sell PM production like they said they was gonna do many many times over the last 3 years?
Git, they be a bit busy pretending to produce PMs so they haven't been keepin the website from being errorfull.
Well seems ecpn management continue to prove ol ista has been right all along about el cap having no significant PMs. I guess the refiners were not too impressed by the ecpn melting of inquart demos. I guess the refiners already know that if you mix metal and dirt and heat it up real high the added metal will melt and sink to the bottom. And they won't be fooled into buying the worthless ecpn dirt by the meaningless circus side show demos.
In the last PR ecpn promised to:
"hold an Informational Meeting for Shareholders in late July to provide a complete description of the process as well as the metallurgical results, sales updates, and future contract commitments that have resulted from this work. Details on that meeting will be announced by the end of June."
At end of June what do they announce? Nothing about the meeting (see below). Seems ol stumbelton is getting a bit befuddled by ista being correct all the time.
2017 Business Updates
Jun 30, 2017 | Business Updates
Scottsdale, Arizona – El Capitan Precious Metals, Inc., (OTC/QB: 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.
git, SEM detected gold in Bre-X samples as well. The metallurgist described the gold as resembling alluvial gold which was an early red flag but it was hidden deep in a report and nobody caught it until after Bre-X was exposed by Freeport. Keeping the el cap sem report secret is good business for those who want to keep the scam going.
invest, There is some iron which might be economic if the iron price goes way way up. But is will never produce the revenue that a PM mine would.
The best jury for el cap are the experts who create $billions and $billions of value every year mining minerals from the earth. Collectively they know their business top to bottom and are always on the lookout for opportunities. And they are happy to take risks and drill many dry holes looking for a pot of gold. These people and companies have clearly rejected el cap and consider it worthless as an exploration play or a mining venture. These facts are very clearly established after active attempts by ecpn over more than 12 years to interest the mining industry in el cap.
invest, the most important sentence in the Highlands el cap blurp is the last one. I agree 100% with it.
invest, the tons of a measured resource depends on length, geometry and location of drill hole intersepts using a specific cutoff grade. Grade depends on the assay results and cutoff applied. Clyde states clearly that the assay numbers need to be verified.
But the big question for you, which you have never answered, is if you believe Smiths numbers then how you can believe anything that comes out of managements mouths? They have repeatedly said the grade is 10 to 30 times what Smith stated in his "measured" resource. istaman's predicted grade of less than 0.004 opt is much closer the Smith's grade than managements.
By the way, most resources these days conform to the Canadian 43-101 or Australian JORC code for reporting mineral reserves. I can tell you categorically that the drilling density at el cap is 1/10th or less than normal for ore resources. Smiths "measured"resources are not 43-101 or JORC compliant. Not even close.
invest, gold particles can be found in a sample with 25 ppb Au. That is 0.025 grams per ton or 0.001 opt.Why did ecpn not release this SEM report?
Clyde Smith was helped with all his sampling efforts by Randy Bouldin an ecpn employee and a lackey of Larry L.
Clyde Smith recommended independent independent laboratory verification of results. This was never done.
git, I suspect that they have done that more than once. They didn't like the answers so buried the report. This is otherwise known as "failure to disclose material information". I would say glaringly obvious, flagrant and hard to wiggle out of "failure to disclose material information". But they do this with impunity because the sec is too busy to bother with a small scam like ecpn.