El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

What excuses will ecpn have for non-production of significant PMs?
1. Plant start up problems.
2. Permitting problems for the plant (these worked good for the mine)
3. ore compatability problems
4. dirt shipment problems
5. purchaser contract delays
6. all of the above

I think they will rely on 2. permitting problems for the plant. Permitting problems worked out good for the mine. The advantage is they can be designed to last a long time and shift blame for delays from management to the government. The decision to site the plant in Phoenix was no doubt driven by the huge potential for permitting delays and shutting down of the plant by regulatory agencies. If the government is too slow in this regard then they can always ramp up the noise or dust levels in order to get shut down by civic organizations.