El Capitan Precious Metals Inc (ECPN)

[Fullgold5]

High grade. I'm not a miner so my terminology may be off but I do understand some elementary facts (the element being Fe) about this mine. El Capitan has high grade ore.

High-grade iron ore typically refers to iron ore that contains a high percentage of iron (Fe) and has low levels of impurities such as silica, alumina, and phosphorus.Generally high grade Fe ore should:

1. Have a high iron content: High-grade iron ore should typically have an iron content of 60% or more.

2. Have low levels of impurities: The levels of impurities such as silica, alumina, and phosphorus in high-grade iron ore should be low. The acceptable levels of impurities can vary depending on the intended use of the iron ore.

3. Be economically viable: High-grade iron ore deposits that are economically viable to mine are typically those that can be extracted and processed at a reasonable cost.

In general, high-grade iron ore is in high demand by manufacturers for a variety of products as it can result in high-quality output goods. The availability of high-grade iron ore deposits can be limited, and many mines are instead producing lower-grade ores that require more processing to extract the desired iron content. The good news is El Capitan does not have low grade ore. I'd have to look at the resource report but I believe El Capitan's ore is around 68% iron content. Just what a battery manufacturer would want to lower costs and improve battery quality.