El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

wow panipooh how exciting!! will the announcement be anything like the totally BS announcement below from a year ago? probably will. ecpn management is efficient. They don't have to write new press releases thet just issue old releases and change the date.

August 23, 2016 09:40 AM Eastern Daylight Time

It is a pleasure to report on our mining consortium’s progress, successes, and the status of our negotiations with a major international buyer.

This year is already a record-setting year for El Capitan Precious Metals, Inc. The Company has mined and performed primary crushing of more than 100,000 tons of head ore producing precious metals concentrates for processing. The same concentrates have successfully been further crushed and refined into 88-90% pure precious metals which when completely processed by a refinery yields 99% pure precious metals.

This successful recovery of precious metals from El Capitan concentrates has been demonstrated to several international buyers. The Company is now in late-stage contracting with one of these buyers for the purchase of concentrates over the next 12 months, FOB the mine, at a purchase price of more than $180 million. This contract is expected to be fully executed in less than 60 days.