El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

pani, i say ol larryloo was a bit stingy with his inquart.

And revenue was not $3,637. It was $3,637 - 1,557 or $2,080

So the doorstop had 5% PMs, hmmmm, what was the rest? Scamimium? And what happened to 88-90% pure PMs hyper concentrate? seems that was a super hyper lie. You gonna keep believing these guys?


September 28, 2016
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


In the quarter ended June 30, 2017, the Company recognized its first precious metals sale revenue from the sale of a small sample test bar processed by the refiner. Although nominal, represented the first sale of precious metals extracted from mineralized ore recovered at the El Capitan property. The sale, before cost deductions, was $3,637 and initial setup and processing charges amounted to $1,557. Precious metals recovered from the 4.18 lb bar were as follows:

Gold 2.53 oz.
Silver 0.54 oz.
Platinum 0.88 oz.

July 17 2017 - The metal bar shipped to the refinery was found to contain the following elements by weight:
Gold 65%
Platinum 15%
Silver 20%