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0.9¢ eclipse metals limited.

Fantastic post Barry. This is the main reason i was reluctant to...

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rallan80

150 Posts.

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26/07/21

16:58

Post #: 54783211
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Originally posted by thebarry111: ↑

There has been a lot of rubbish posted about near term production. This is the reality of it.

The new found self appointed company spokesperson is hiding the fact they still need to complete the PFS and BFS before they can get funding.

There is less than $2m in the bank and a capital raise will need to be done in order to complete the below.

The company states near term production, the reality is they fluff their way through that with the below.

Note the word "potential". A word the company likes to use a lot.

From the companies own presentation::

See the PFS, it's "targeted "for 2021/2022. Hard to complete that work when you don't have enough cash in the bank?

The we keep hearing about the U potential.

Again the devils elbow comes with risk also. They haven't even got permission to explore this yet from traditional owners.

Again, i'd love to hear about how any of the above translates to near term production? They are years off and many capital raisings away from it.

Never let the truth get in the way of a good story.

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Fantastic post Barry. This is the main reason i was reluctant to invest in this stock. I will continue to monitor but looks far too risky to me with so many hurdles. Thanks for the information.

EPM Price at posting: 2.2¢ Sentiment: Sell Disclosure: Not Held
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Last 0.9¢		Change -0.001(10.0%)		Mkt cap ! $20.07M

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Price($)	Vol.	No.
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