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invest, nobody laughs underground below their headstone. ecpn seem to be dragging out their non=production of PMs until all management and many shareholders have died of natural causes.
PM deposits can be sold for real money real fast. If there was something there ecpn could have had a expert independent consulting group do a study which would accepted by the entire mining industry. This could have been done for a small fraction of the $31 million they have spent on operating expenses in the last 15 years. It could be done now. If they really do have the goods this would be the quickest and most efficient way to get a fair price for el cap, in a matter of months.
Why oh why has ecpn never ever done anything like this? Because an expert independent review would reveal el cap as a sham with no significant PMs. So what do they do? Stage more circus side shows starring snake oil salesmen. Mining experts will be no where to be found at the side-show.
git, don't forget they classified Logistica as a major major mining company. I think aurasource was also characterized as world class. Using their classification scheme, Newmont is already in a galaxy far far away.
longs, how many times has ecpn "successfully conducted" demonstrations? Have any produced any real lasting positive results?
These new demonstrations will prove once again that ecpn can melt dirt mixed with metal and inquart into a bar. There is not much proof of anything in that.
Shareholders need a demonstration of real significant revenue from dirt sales. Most shareholders have cottoned on to managements lies. Another spin job by charlatan davidson is only gonna victimize a few select easy marks.
The key thing in the PR is after having supposedly high grade concentrates for sale for months and months and months nobody has bought any. If these concentrates are really high grade they would sell immediately. No contract needed.Payment in real hard cash.
Longnuts are in rapture about rumor going around that revenue will be announced sooon. Real revenue will not be announced. What might be announced is one of the following:
1. Small amount of revenue from the sale of recycled inquart.
2. Meaningless contract with unknown or obscure party or related party like aurasource.
3. Meaningless contract with a known party but with strong conditions that payment is dependent of grade of concentrates. We know the grade of concentrates is nil because this has been proven over and over by ecpn and others over the last 15 years
4. JV with a sister scam company which will promise to produce revenue at some indefinite point in the future and in the meantime will help with the spinning of snake oil.
5. JV with a real company which agrees to fund production based on research they will conduct first.
Those who want clarity should hope for 5.
Those who want to sell their shares should hope for 1 to 4. Not sure which will be the best to convince uninformed newbies to come in, throw away their money and buy your shares
How much wealth has ecpn destroyed? Below is a list of 14 years of operating losses showing how much money ecpn has flushed down the toilet. $31,913,719 spent and nothing to show for it. Not completely flushed down the toilet. A fair bit of it went into managements pockets.
This does not count stockholder money pissed away by Gold and Minerals. Or the money shareholders have lost on their stock. Many bought at $0.50 to $2.00. Many bought stock that Larry Lozensky sold into the market. Just before he ran off into the sunset laughing. Well at least society got some absolutely terrible movies for it.
year operating loss cumulative loss
2016 3,159,452 31,913,719
2015 2,264,029 28,754,267
2014 2,778,221 26,490,238
2013 1,742,564 23,712,017
2012 1,918,415 21,969,453
2011 2,381,736 20,051,038
2010 1,279,249 17,669,302
2009 953,649 16,390,053
2008 2,501,610 15,436,404
2007 4,188,702 12,934,794
2006 2,675,875 8,746,092
2005 3,194,228 6,070,217
2004 1,314,320 2,875,989
2003 1,561,669 1,561,669
we know ecpn will never produce PMs because there are none to produce.
After 15 years of saying it is gonna happen soon some longnuts are catching on that it will never happen. But some keep up with their "soon soon soon". How soon are they gonna realize they been had? Never? Stumbelton loves them. He gets a salary for life for doing nuthin paid for by the longnuts.
gettingevenlower, will you please give us a hint about what you mean by soon? Does that mean within a week, within a month, within a year, within a decade or before the end of this century?
How much longer (to the nearest month) do I have to stay tuned in?
gettingevenlower, I have been tuned into the ecpn scam for 15 years
gettingevenlower, I have been tuned into the ecpn scam for 15 years
invest, they have had contract after meaningless contract that never amount to anything but a scrape of paper. Real significant production would get me to reconsider. Don't hold your breath.
invest there has never ever been any proof there are PMs
The Forest Service sampled and found there was no PMs at el cap but judges has ruled in other cases that it is outside the Forest Service mandate to evaluate the validity of mineral deposits
Institutions invested did no serious DD
The people continue to work because they have been scammed themselves and are making money on the scam
They order machines from China because Larry gets a big fat commission and he is very good at flimflamming and selling snake oil
I answered all your questions how about you answer 1.
Why would scores of the worlds precious metals mining and academic experts not pursue el cap with a passion if there were really PMs?
gettingevenlower, if the companies were interested a decade ago they would still be interested, even more interested. When a junior mining company has a valuble asset the share price rises just as sure as gravity
Invest, Mining companies have clearly shown that they agree with me that el cap has no PMs. If they did not agree with me then they would have driven the share price up well above where it is and would have staked 100s of claims around ecpn claims.
gettingevenlower, 1000s of companies are agressively searching for PM deposits, they look at any and all possible opportunities, if there were PMs at el cap they would be all over it and the entire district would be staked with claims.
There were no PMs at el cap 11 years ago and there are still no PMs at el cap today
A senior executive with Cliffs Natural Resources offered a detailed explanation of the company’s position in favour of road access to the Ring of Fire at a standing room only session on the final day of the PDAC in March.
“We looked at a lot of different options,” said Ken Pavlich, vice-president of operations for the company’s global ferroalloys business. “After eliminating the obvious non-starters like trying to get to James Bay or Hudson Bay, we decided that the only viable options for our project began at the concentrator and ended at the CN Rail line.
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Aug. 15, 2005--El Capitan Precious Metals, Inc. (OTCBB: ECPN) announces that a contract has been executed between the Company and Pavlich Associates for the purpose of selling the El Capitan mine to a major mining company.
Pavlich Associates is headed by Ken Pavlich, who started his mineral industry consulting business in 1986. Mr. Pavlich has a B.S. degree in Mining Engineering, Summa Cum Laude from the University of Colorado and a M.S. degree in Management and Administrative Science from the University of Idaho.
Mr. Pavlich spent 8 years with Newmont Gold Company/Santa Fe Pacific Gold/Santa Fe Pacific Minerals and 5 years with Oglebay Norton Company. Not only does he bring with him significant experience in the mining industry, over the years he has developed extensive contacts world wide in the mining industry.
The marketing of the mine will commence as soon as the initial report from Dr. Clyde Smith, the Company's consulting geologist, is released. This event should take place in the very near future.
In addition, an addendum to the report will be prepared by Dr. Smith based on the results of a second drilling and assay project. This project is expected to show a significant increase in the estimated tonnage of the mine as compared to the data from the initial drilling. The drilling is near completion at this time.
EL CAPITAN PROJECT REPRESENTATION AGREEMENT
JUNE 21, 2006
Other Companies - Any other entity that may become aware of the availability of the El Capitan project and may choose to provide a transaction proposal. An entity becomes an Other Company for purposes of this Agreement if
any communication regarding the El Capitan Project occurs between ECPN or its representatives and that entity after the execution data on this Agreement and before a date six months after the termination date of this Agreement (see TERMINATION on page 3). EPCN agrees to notify Pavlich in writing whenever communications with an entity qualify it as an Other Company.
Prospect Company - Entities that are placed on a target list for marketing of the El Capitan project. The list may be modified by mutual written consent of the parties to this Agreement. Pavlich may incur T&E Expenses, Consulting Time Charges, and Travel Time Charges related to the marketing efforts towards these companies. The initial list of Prospect Companies is:
·
Barrick Gold Corporation - Toronto, Ontario and Salt Lake City, UT
·
Newmont Mining Corporation - Denver, Colorado
·
Kennecott Exploration Company (RTZ) - Salt Lake City, UT
·
AngloPlatinum (Angle American - UK) - South Africa
·
Freeport McMoRan Copper & Gold - New Orleans, LA
·
Agnico-Eagle Mines Limited - Toronto, Ontario
·
Kinross Cold Corporation - Toronto, Ontario
·
Goldcorp, Inc. - Vancouver, British Columbia
·
Glamis Gold Ltd, - Reno, NV
·
Meridian Gold, Inc, - Reno, NV
·
Stillwater Mining Company - Billings, MT
·
Impala Platinum - South Africa
·
Phelps Dodge Corporation - Phoenix, AZ
Success Payment - The payments due to Pavlich upon completion of a transaction involving either the El Capitan Project or ECPN or G&M with any Transaction Counterparty. The total of all Success Payments made to Pavlich shall to calculated as the greater of:
a) One-quarter of one percent (0.25%) of the Total Transaction Value
b) $250,000
The total of all Success Payments to Pavlich shall not exceed three million dollars ($3,000,000.00)
The Success Payment shall be deemed to be earned upon the closing of a transaction involving either the El Capitan Project or ECPN with any Transaction Counterparty. The payment for success shall be made in accordance with the percentage and frequency of the Transaction Payments. ECPN will make payments to Pavlich within 10 business days of the time that a Transaction Payment is deemed to have been completed.
Transaction Counterparty - The entity purchasing an interest in either the El Capitan Project, G&M, or ECPN with the intention of controlling or participating in the development of the El Capitan Project.
TERMS AND CONDITIONS
1.
DUTIES. Smith will have the following duties to ECPN for the duration of this agreement:
A.
Smith will continue acting as ECPN’s consulting geologist, specifically for completion of a current report on the El Capitan resource, for directing an expanded drilling and assay project currently under way at the project, and for completion of a final report on the El Capitan resource, and assisting in all due diligence studies conducted by prospective purchasers.
B.
Should Smith decide that the El Capitan project is worthy of presentation to Newmont Mining, then Smith will put forth his best efforts to market the project to Newmont Mining.
C.
Smith will make his services available to ECPN and Pavlich Associates in assisting to present the project to prospective purchasers other than Newmont.
D.
It is understood that Smith may seek purchasers other than Newmont or those from Pavlich Associates.
2.
COMPENSATION. ECPN will compensate Smith for the duties listed above in the following manner.
A.
Smith will continue to receive his separately agreed rate of compensation for consulting on the items listed above.
B.
ECPN will pay Smith a success fee of $250,000 for the successful sale of the project to Newmont Mining or any other company, entity or individual.
C.
Smith will bill his going rate of compensation for consulting while assisting Pavlich Associates to market the project. For a successful sale of the project to any company, entity, or individual, ECPN will pay Smith a success fee of $250,000.
D.
It is understood that should Smith present a purchase proposal to ECPN, other than from Newmont or those presented by Pavlich Associates, that Smith may negotiate a compensation in addition to the $250,000 from ECPN to be paid either by ECPN or the incoming third party.
they are invested in over 2000 companies, ecpn represents 0.001% of their holdings. daya think their DD on ecpn was enough to know if ecpn is a scam or not? How many samples did they collect? How many mining companies did they consult with? Did they talk with any of the dozens of mining companies that have visited and rejected ecpn? Why do all the mining companies believe I am right about ecpn. They all have clearly shown that they believe I am right. Why do you not believe these mining companies? Why do you ignore their expert opinion but believe a tiny investment by a busy non-mining investment firm is proof that all these mining companies are wrong????????????????????????????
invest, Panagora has $24 billion invested, they really bet the farm with their $17,000 they hold in ecpn, shows how committed they are to ecpn
ecpn.lmi.net
www.ecpn.lmi.net
the lack of revenue is causing some to melt down over at the lmi board, someone actually called someone else an "illiterate asinine c**t nugget" earlier today, i haven't heard that one before
Git, yes ol ager is a real doozy, below is an extract of an article in the Northern Miner about the Mineral Pass (Mijo)scam. Guess who ager got to testify in his support at the hearing for the scam. None other than Clyde Smith. The judge did not buy the BS from either ager or smith.davidson will prolly hire charles moore to help him devoodoo the concentrates with moore devoodooizer.
"Another curious exploration practice at the Mijo property was the use of the "Moore Radiometer" -- in fact, a Geonics EM-16 electromagnetic receiver. The inventor, or rather operator, of the Moore Radiometer, Charles Moore, claimed he used the EM-16 receiver to detect gamma rays "emanating from the centre of the earth to the surface." (The unit measures the field strength of radio waves in the 10-20 kHz range and does not detect gamma rays at all.)
Moore did a series of alleged "mapping" surveys on the Mijo property in 1998, during a time when geophysicist Ager -- who might reasonably be expected to know what an EM-16 does -- was "working closely" with Matheson."
well git they be talking about the ahh ahh
lets see, um, oh ya iron encapulation!!
You ask how the heck can they ultra concentrate PMs in the dirt with gravity if the PMs are encapsulated, well ah gee whiz I guess it is because ahh i got it there is a voodoo curse on the concentrates which gives those dang refining fellas trouble. So ol davidson hasta be around to wave incense around, chant and dance the mumba or those dang PMs just stay hidden.
Well the 10-Q is due. Just like ever, it will be full of the same old proof that saint ista was right all along. It will show dilution, dilution, dilution, nil revenue and the money raised by dilution going to lying scammers. Will management's apologists repent and beg forgiveness?
some longnuts are real excited about some "appointments" ol DD has with some refiners. Ol DD is gonna teach the refiners how to get PMs out of dirt since they don't know anything about that and ol DD is the world's bestest expert.
This is all driven by JS's idea that ecpn needs a contract with the refiners with a set price for the dirt they gonna send them. This is never ever done by the refiners because the ore deposits are by nature inconsistent and each and every lot of concentrates sent to them has variable grade. This is never a problem. A referee assays the dirt in a shipment and the price is set. The refiners don't try and screw the miners because they make money refining dirt and need to compete for that dirt. If some miner thinks they been cheated they will send there dirt to another refiner. So normally contracts are negotiated in a day and shipments begin immediately.
So JS's idiotic idea he is gonna get the refiners to sign a contract obligating them to buy piles of unknown dirt based on a few small inquart laced samples is kinda comical.
Absolute indisputable truths
1. Negotiations to sell high grade PM concentrates can be completed in one day.
2. Oxidation of precious metal concentrates makes it very easy to leach and recover the contained PMs. In other words ecpn excuses for not recovering 2400 ounces of gold eq from their 200 tons of cons (circa 2010) is total complete bollocks. The truth – no PMs to recover.
3. Increasing fineness decreases the efficiency of gravity concentration methods dramatically.
4. The following sentences, from the Feb 4, 2010 PR, came from the most experienced and qualified mining professional that was ever in ecpn management. The results discussed are REAL reality. “The assay results from the confirmation test work indicated gold head grades of less than 0.004 troy ounces per standard ton. The confirmation test work used four 500g composite samples from El Capitan deposit drill hole material, all of which were finely ground (80% passing 17µm) prior to initiation of a 10-day leach cycle. We have every confidence in the personnel, equipment, and procedures involved in the current set of leach tests performed at this Canadian laboratory. Consequently, there is no reason to question the accuracy of the reported results.”
5. All the positive assay results from ecpn testwork can be explained by the use of a tiny amount of inquart. LL’s lackey, RB, was involved in sampling and testing activities. He worked closely with Clyde Smith.
6. The 100s of negative assays ecpn have received should never have been simply ignored based on CM’s unqualified very un-expert opinion.
some people only have false hope to cling to and they need something to cling to.
cuz they said they had a bunch of follow up announcements in coming weeks a month ago and since they can't announce the promised revenue (never ever is there gonna be any) they might decide to give another "not yet but sooon" announcement on a friday pm because they know there is a bunch of longnuts who will forget about the no revenue by Monday but will remember the "sooon" because they will dream about the "sooon" over the weekend.
i think there might be a PR today.
Will they just continue their usual practice of announcing over and over make believe revenue in the near future which will never ever eventuate? Probably. It always seems to work, some shareholders just lap it up. And they never have to explain why it never eventuates.
Will they fess up and admit ista has been right all along and el cap dirt does not have significant PMs? unlikely
Fumer, NAK has real metal in the ground in a huge deposit, however it is not well situated in the middle of New Mexico and the mountains they have to climb to get a mine permitted are also huge. I would consider it high risk because of the cost, time and uncertainty of permitting and the costly operating restrictions which will be applied to any operation.
harpy, anyone who has read what JS has written about ecpn over the last 5 years will know that what JS knows is extremely distant from reality.
But hey, maybe he knows more about gold deposits than all the scores of major and minor mining companies that have evaluated el cap over the years.
maybe the Pope is not catholic.
Time to see what John Stapleton is really made of. Is he a victim like other shareholders? Was he also fooled by Chuckie’s and Larry’s lies?
Or is he an integral part of the deceit which lead to so much pain and suffering for the many good people who believed the el cap lies.
If he is a victim it is time for him to come forth with what he knows. His lack of any mining experience can explain why he was fooled. However, if he has any sense of decency he cannot continue to pretend el cap has PMs when all verifiable evidence points to the fallacy of this lie manufactured by chuck and larry.
What will define his character will be his decision to either participate in exposing the truth or participate in further coverup of the ecpn scam.
Standup John and show your true colors.
fum, the debt is detailed in the 10-Qs
fumer, what they recovered was recycled inquart
fumer, i think that there are big shareholders with influence on management who are unloading shares. $0.05 is alot better than $0.00. So keeping the scam going helps them exit. Also flimflam larry prolly got a big fat commission check for the aurasource 2 machine like he got for aurasource 1. duppin DD is his inside man pulling the wool over shareholders eyes and attracting newbies to throw their money away. ol flimflam still has shares to dump as well.
plus cm and js have a $360,000/year incentive to keep it from collapsing. The only things they have to sell are lies and shares. They are good at selling those.
fumer, in your last post you said 2.5 million shares. If Antol got shares it was because he was given them as compensation for exposing himself to litigation risk by being CFO of a scam. He did not buy them.
fumer, I get nothing when I look up insider trading for ecpn. What are you talking about?