El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

Since the iron skarn at el cap was created by the intrusion of an alkalic lacolith there may be a bit more REEs than normal but nothing close to economic. But they can probably get some shareholders excited about it anyway.

Not producing PM's however, has got to eventually bring down Stapleton. When will he be held accountable for his litany of broken promises and lies? He can weasel out of some by correctly arguing he knows nothing about mining. However, he has been hit over the head again and again with solid information indicating the claims of PMs at el cap are erroneous. He announced 10 months ago they had deposited 7 tonnes of concentrates from el cap grading over 4000 opt Au_eq per ton in a warehouse and that sale of this would fund ongoing operations. ecpn's inability to sell this is clear and convincing evidence that in fact the concentrates do not contain anything remotely close to 4000 opt. Is he not obligated by law to report his experiences trying to sell that dirt and what it logically means? That his statements were grossly erroneous? Is he not required by law to report the fact that dozens of companies who have visited el cap have not been able to find any significant PMs in el cap dirt? And that is the reason for lack of real buyers? That HL left because the major mining companies they brought in to evaluate el cap informed them of the lack of PMs?

Will he say "well gee ol chuckiepoo assured be them there PMs were really there so I decided to believe him and ignore all that reality banging me on the head over and over. Besides that $15,000 a month comes in handy."