El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

Chugit, the 8-K from 14 Jan 2015 says different
Scottsdale, Arizona – El Capitan Precious Metals, Inc. (OTCQB: ECPN) announced its financial outlook for the fiscal year ending September 30, 2015. ECPN expects to book revenue from sales of precious metals concentrates derived from head ore mining in the quarter ending March 31, 2015.

The Company plans to mine 350,000–400,000 metric tons in Fiscal 2015, yielding gross revenues from the sales of its precious metals concentrates of $22–26 million, while continuing to stockpile its iron ore until prices become more favorable. El Capitan expects such revenues to yield $4.5–5.3 million of pre-tax profit for fiscal 2015 booked on an accrual basis in accordance with Generally Accepted Accounting Principles (GAAP) with a cumulative positive pre-tax profit expected in the quarter ending June 30.