Operates in Victoria, Aus - so great (fair) political climate and one of their gold belts. The also have a subsidiary project in the Philippines.
Their main focus has an estimated 11m Oz of gold and is easier close to an existing monster mine owned by Newmont Gold ($50bn market cap).
Trades at 1.1gbx - 50m market cap. Financials look about as good as a penny stock can be after selling down their last project and taking a 2% royalty. They’ve also received a grant from the Aus Government and sold a couple of less promising licenses to fund exploration of this project. It’s very promising that they’re narrowing focus on a singular project - but could be an eggs in one basket sort of situation.
So yeah, that’ll do - always do your own research and satisfy yourself. These sorts of companies are super super risky - but the upside is incredible.
Be prepared for a long hold though - 8-10 years I’d think before it gets too exciting.
@CeeGee maybe your next goldrush target!
I’d be interested in this also .
Please add this stock @David
“ECR-Minerals has raised £500,000 via a placing of 100mln shares at a price of 0.5p per share.”
Wouldn’t have minded selling off a few lethargic, uninteresting shares for these at 0.5p.
Even if it did mean holding them for nearly a decade.
Not listed yet though.
@David is this one on your radar? Is it even possible to add and soon?
Big + I’m still keen. Next target in my line of potential sight!
Along with Aussie on the exchange (I know I’m a bore mentioning it again and I am being patient ) just keeping it fresh
@Gfclappah this one could be of interest to you
Hi 212, @David can I request ECR minerals ECR.L to be added please, could be the next GGP
Has this been added yet? I don’t think it has.
UFO also looks good, would be great to have this. Thanks
@Mofojonno Unfortunately, Interactive Brokers don’t have it so we’re unable to support it as well.
Ok thanks for letting me know
@david does that apply to UFO (Alien Metals) too?