El Capitan Precious Metals Inc (ECPN)

[gitreal]

Well they supposedly signed an MOU

LOL, that is meaningless. Was that in a filing? In a PR? An interview? Where did you see that?

Not that it really matters much where you saw it - a MOU is about as worthless as a Letter of Interest (LOI). But a common tactic in penny stock land to raise interest.

Besides, don't you need a mine first? And a processing plant capable of creating those Fe pellets? And all the necessary permits?

They have none of those.