El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

git, panipoo's big suprise is who the refiner is. He thinks this matters. It will be as imporant as signing the contract to sell iron ore to Glencore. Glencore will sign a contract with anyone specifing that if someone delivers iron ore at a specific quality they will buy it a specified rates tied to world prices. Since it is totally uneconomic to dig and ship el cap iron dirt it will never happen. The contract with Glencore was only good for giving stiffies to some of the shareholders. This was a huge benefit to some who hadn't had one in years.

If they signed an agreement with a refiner it will have the same result on the ecpn bottom line as the Glencore agreement, nada. The refiner will take delivery of dirt, assay it and find nothing and ecpn will makeup excuses. The only thing ecpn will receive is the bill for return shipping or disposal in a land fill.