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Re: georgeiporgi post# 743

Thursday, 10/06/2016 2:29:53 PM

Thursday, October 06, 2016 2:29:53 PM

Post# of 2842
China Minmetals may be associated with hundreds of companies, but I only care that they have a relationship with ONE company - AuraSource, the confirmed buyer of the El Capitan mine's ore. Maybe you didn't see the last company press release. Here:

El Capitan Precious Metals, Inc. (ECPN) announced that it has executed its agreement with AuraSource, Inc. (OTC Markets: ARAO) for the sale of up to 600,000 metric tons of head ore over the next 12 months. This agreement, as previously reported, is renewable for five additional, one-year terms.

The revenue to ECPN would be $180 million per year at a cost of approximately $30 per ton for mining and loading.


Hope this helps.