ECR Minerals - A share to watch

kevingleeson

Hi there, to those of you not interested in my posts etc please feel free to stay out of this thread, others I welcome all crtiisism good and bad re my findings.

ECR Minerals is in a very early stage of a company yet again now.

Firstly it is high risk no point in trying to fool yourself there but it in MY OPINION will bring high rewards.

ECR Minerals has people frightened off with its historic crash in share price, many got burnt so now back away but these guys will be back when ECR regain some ground.

ECR Minerals has a large no. of future projects first being Themac hit to take off in 2012 and as we know there is a large oz investor in here who is notourious for his large profits in oillys and minerals. ECR will if all options used take control of 22% of Themac which currently values it at circa 9m plus ECR will not incurr any of the remaining costs in Themac.

Now outside this in Argentina this week and last ECR have taken gold samples from near surface and have had them tested returning 86g/t in some samples from El Abra in the Sierra De Las Minas region (75,000 hectares) which ECR hold a 100% interest. ECR also have 100% interest in Los Aquirres another good future prospect. there i also a lot of reports suggesting copper i nthese areas but ift is the high purity of gold which interests me.

Then there is ASC Asia which will have a turnover in excess of £5million this year. ECR have a 70% stake in this one which is worth approx £3,500,000.

Now after this the research continues to Silver Swan project, Paniai Gold and warm springs but warm springs is another one which will run in line with Themac due to same area and solar power supply etc. Silver swan is one to watch and I am expecting news in coming weeks/months on Paniai.

Now guys thats a lot of research for any of ye to carry out but rest assured once you start you will soon realise that a market cap of just over £6m equates to undervalued hugely!!

My predictions are Argentina will be a flyer and ECR will sell off some interests to get production going fast in shallow mining. A drill is taking place to establish gold content fully and should again IN MY OPINION be finished with results in 4-8 weeks proving to be a milestone RNS.

I really feel this is a buyer and is at ridiculous low levels right now as news is slow but once it flows so too will sp.

Just a heads up guys if you disagree no problem as said DYOR this whole post is just my theory no one elses and I have done deeper researchs an valuations but there is too much estimation to be writing them down for others as they culd be spot on or way out depending on the coming weeks and months.

kevingleeson

One thing I also warn if any of you are following boards and share prices due to low market cap this sahre is pushed up and down - I do not recommend this to very short investments it could be dangerous but if you have a few months then its thumbs up IMO or if you love a good bouncy graph when going short.

Also note the past buys in past few days with figures like 13.8m shares bought monday evening and a further 3.7 or 8 million yesterday evening. I feel pi's are getting nervous and selling but I always love a share when its the big big boys are buying in- always the good sign to me!

kevingleeson

The $7m dollar payment from Themac due in coming days!

Should provide sufficient funding to conduct a drill in Argentina I would imagine and at least prevent share dilution which a lot of co.s on aim are forced to do at the moment

colsku

Good to see a mining stock recommended.

My eggs are all currently in Pretium Resources on the mining front. A Canadian startup with Bob Quartermain (formerly SilverStandard) at the helm. It's a stock recommendation from the exceptional Bob Chapman.

Any worry of nationalisation in Argentina? Isn't it bordeline communist now!?

martyoo

52 Week High 2.73 52 Week High Date 12-JUL-2011
52 Week Low 0.85 52 Week Low Date 13-MAY-2011

You should start posting about this dog again. It seems the stock goes up when you start talking about it