Replies to post #1397 on El Capitan Precious Metals Inc (ECPN)

[fummer88]

Invest what metal is .04 oz/ton?

[gitreal]

It is not worthy. The US Forest Service certainly didn't think so:

The quality (value) of the mineral resource asserted by ECPMI is based on assay results from AuRic Laboratory. AuRic rated very poorly for accuracy in blind testing carried out by the BLM (Shumaker, 2002). Significantly, AuRic ‘detected’ platinum in barren samples and under-reported platinum in standards from the Stillwater platinum mine in Montana. Even without the AuRic connection, ECPMI’s lab results are questionable due to ECPMI’s rejection of the use of fire assay, which is the industry standard. The proprietary methods they have used are unknown and therefore non-reproducible. On the basis of their reported assay results, ECPMI asserts that their deposit is a “measured resource”, (ECPMI web site, Smith, 2007) and proposes that their next step is to move an aggressive drilling program outward to further delineate the extent of the deposit. But the existence and quality of this mineral resource relies completely on the AuRic/ECPMI assay results.

[georgeiporgi]

invest, the tons of a measured resource depends on length, geometry and location of drill hole intersepts using a specific cutoff grade. Grade depends on the assay results and cutoff applied. Clyde states clearly that the assay numbers need to be verified.

But the big question for you, which you have never answered, is if you believe Smiths numbers then how you can believe anything that comes out of managements mouths? They have repeatedly said the grade is 10 to 30 times what Smith stated in his "measured" resource. istaman's predicted grade of less than 0.004 opt is much closer the Smith's grade than managements.

By the way, most resources these days conform to the Canadian 43-101 or Australian JORC code for reporting mineral reserves. I can tell you categorically that the drilling density at el cap is 1/10th or less than normal for ore resources. Smiths "measured"resources are not 43-101 or JORC compliant. Not even close.