El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

get, the fact that there is iron ore in an iron skarn deposit at el cap has been well known since before the 1940s. what is totally false is the statement that there is 480 MT of minable inferred reserves of iron ore. There has been only a tiny fraction of the drilling needed to determine this. Clyde reckoned there might be 30 MT based on current drilling. There has been zero engineering environmental social feasibility etc. studies to determine if it is minable. Mr. false and misleading stapleton is at it again.

What proof do you have that a site is being secured to build a steel mill. Or that that steel mill will take el cap ore? Any serious effort in this regard would require a thorough feasibility study looking a a large range of factors. I have no doubt that a company could be kicking tires and looking at a New Mexico location as a possibility for building a steel mill. They would be also evaluating other possibilites and will pick the most feasible. Actual construction and production is years if not decades away. If they were serious at this moment in time, and planning to use el cap ore, then there would be frentic activity at el cap evaluating/proving/testing the el cap iron. But the only recent activity is a low level academic geologist visiting for a few days and collecting some consulting fees.