El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

pertinent post from another board, @Eric, if you believe what they say then they were able to produce those concentrates worth $3.7 million in a few weeks. The 7 tons of concentrates need a grade of 440 opt Au eq to be worth $3.7 million. 440 opt is extremely high grade. Very easy to sell. And apparently very easy to produce. So what do they do? They have this highly productive mining operation producing a very high quality concentrate which could be sold anywhere and they shut down the mine and put the concentrates in storage for over a year. Meanwhile dilute shareholders like crazy to cover costs. So if what they say is true they have turned a highly profitable mine into nothingness. Does this make sense to you? As a shareholder does this not make you very angry. The one and only logical explanation for el cap not becoming a extremely profitable operation many many years ago is because the PMs are fake PMs.