El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

Joe, It will not be easy to find a partner. Big mining companies act too slow. Medium sized iron miners tend to mine, concentrate and ship. That will not work for el cap because it is too far from port. They need to find a iron/steel producer within shipping distance or on that is interested in developing something nearby. There could be some company that fits but a bit of a long shot to find quickly.

Maybe the best option is a royalty company. They take a long term view and tend to be aggressive. Their business model is to invest in quality assets for a long term royalty. One that invests in iron deposits is Altius. They are cashed up and ecpn debt would be a small fraction of their current income. And they would insist on participating in management to protect and maximize the value of their investment. JS would not last a second. There are other similar Royalty comapanies.