El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

No surprise there panipoo, I predicted long ago they would try and become an iron mine again. They actually have some iron, but I don't see how it will be economic. If they had 1/10 of the PMs they say they have then there would be 100s of internationally recognized geologists swarming el cap starting 14 years ago.

So what can be made of the iron? let's see concentrate the iron then ship the stuff 900 miles to Gavleston or 800 miles to LA. hmm at $0.15 a ton per mile how much does that leave you? When iron goes back to $120/ton you might make a few cents per ton. Can it compete with Australia where they they have direct shipping ore railed directly to port?

But this is just another fantasy deal which will go nowhere. Just like planet, precision, arrakis, aurasource etc. etc. etc. They put it out to distract from the fact that the concentrates they said were worth $3,000,000+ are actually worth nil.

What happened to the platinum doorstop they sent to Johnson-Mathey?
What happened to the 10K?