Replies to post #743 on El Capitan Precious Metals Inc (ECPN)

[Pan4Au]

China Minmetals may be associated with hundreds of companies, but I only care that they have a relationship with ONE company - AuraSource, the confirmed buyer of the El Capitan mine's ore. Maybe you didn't see the last company press release. Here:

El Capitan Precious Metals, Inc. (ECPN) announced that it has executed its agreement with AuraSource, Inc. (OTC Markets: ARAO) for the sale of up to 600,000 metric tons of head ore over the next 12 months. This agreement, as previously reported, is renewable for five additional, one-year terms.

The revenue to ECPN would be $180 million per year at a cost of approximately $30 per ton for mining and loading.

Hope this helps.

[gitreal]

read the Aurasource 10Ks and 10Qs,

The last financial filing by this company was for the 3Q of 2015. At that time, they listed no revenue, only $4K in assets, and $12 million accumulated deficit.

They are now severely delinquent, and the SEC has been starting to catch up with companies that don't file, and suspending them.

AuraSource barely exists, and could be suspended in the coming year. To think that a sham company like AuraSource will somehow buy or even broker a deal for 600,000 tons of worthless "ore" from El Capitan is amusing.