Changed from Mercator Gold to Electrum.

http://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Size=283*186&Skin=BlackBlue&Type=2&Scale=0&SV=0&Span=YEAR1&Code=ECR&Layout=CompanyZone

Mercator Gold plc is a diversified mining investment company with quality assets and the capability to undertake significant, value accretive transactions. Mercator is dedicated to creating value for its shareholders through a process of finding value, adding value and realising value. In order to achieve this, Mercator is able to access a pipeline of projects sourced from its global network and utilises the expertise of its directors and advisers.

Mercator holds an exclusive option over the Copper Flat project, a porphyry copper-molybdenum-gold-silver deposit in the Las Animas mining district of New Mexico, United States and a former producing mine. It is believed that the Copper Flat project, which has significant infrastructure in place, could be brought back into production within a relatively short timeframe for a relatively low capital

http://www.youtube.com/watch?v=4BtSY1ZRe1I&feature=player_embedded

Patrick Hartford interview.

The easy option for Harford and the rest of the Mercator Gold board would have been to quit the company when Meekatharra ran into trouble. Instead, they have restructured the company and snapped up a handful of carefully selected projects and interests, all of which have the capacity to deliver substantial returns and some of which have already begun to do so.

On the basis of current historic reserves Copper Flat project has an NPV of $117 million and an IRR of 24% - based on $2/pound copper, $10/pound molybdenum, $13/ounce silver and $900/ounce gold. These figures are based on an owner mining scenario, initial capital costs of $115 million, and a discount rate of 8%. Mercator acquired its option over the Copper Flat project for just US$150,000.

In 2009, Mercator recorded income and book profits of 244,000 from ACS Asia, on 4 million of revenue with a gross profit of 1.2 million (30% gross profit margin). ACS Asia was a very good investment for Mercator.

Likewise, the companys stake in Silver Swan, which was effectively spun out of Mercator Golds Australian exploration ground, has delivered a handsome return for the company.
Mercator Gold has had its fair share of setbacks, and the share price is still stuck in mud, but if Mercator keeps cutting deals and turning small investments into big profits, the market will be forced to start taking notice.

on the turn now positive on volume buying and mainly the Indicators oversold

The attached Edison report attaches a NAV of 15.2m with the current market cap at 3.98m there is clearly massive upside imho. Looking forward to update re progress on the Argentinean front in next few weeks it's all starting to look quite interesting!!

Good luck all holders

Last updated on 06/04/2011
Latest researchPhase 1 completed
Update | Mining | 01/12/2010 Argentinean acquisition
Update | Mining | 08/10/2010 A new beginning
Outlook | Mining | 29/09/2010 Quarterly update
Review | Mining | 14/08/2008 Not a start-up anymore
Update | Mining | 27/02/2008 Production begins
Flash note | Mining | 01/10/2007 Emerging gold producer
Outlook | Mining | 18/04/2007 Moving ahead
Quarterly Update - Fundrasing | Mining | 14/06/2006 Golden prospects
Outlook | Mining | 02/12/2005 Outlook | ECR Minerals | 08/07/2005 Investment summaryECR's principal asset is an interest in TSX-V listed THEMAC Resources, the operator of the Copper Flat project in southern USA. It also has a majority shareholding in Thai metal-products company ACS Asia, and interests in Paniai Gold (which, last month, sold its interest in the Derewo River project in Papua to West Wits for shares), Silver Swan and gold exploration projects in Argentina. In December the administrators for its subsidiary, MGA, agreed to sell MGA's assets to Reed Resources for A$27.1m (NB, this asset is currently held on ECR's balance sheet as a 3.4m debtor). Also in December, the company acquired three concessions comprising the historic El Abra gold mine in La Rioja province in Argentina (where sampling has returned a grade as high as 84.6g/t), plus the Jazmin area 10km to the SSW for US$60,000.

Last updated on 03/03/2011

Industry outlookConsidering all assets and liabilities (including its convertible loan notes), we estimate an NAV for ECR of 15.2m, including the Meekatharra asset at 3.4m.

Last updated on 03/03/2011

1.375p + 0.375p - one of the best risers of the day

The January purchased has become positive after Drilling .........


ARGENTINA EXPLORATION UPDATE

London: 16 May 2011 - ECR Minerals plc is pleased to provide the following update on exploration at its El Abra gold prospect in La Rioja Province, Argentina.

Total of 900m of outcropping gold-bearing quartz veins identified at El Abra prospect to date
High gold grades including 80.78 g/t Au, 44.98 g/t Au and 39.74 g/t Au returned by surface geochemical sampling at El Abra
High grades broadly distributed across identified veins
Drilling and geophysics proposed to evaluate continuity of mineralisation at depth
ECR acquired 100% ownership of the El Abra prospect in January 2011. The prospect forms part of the Companys Sierra de las Minas project area in La Rioja Province, Argentina.

An initial geochemical sampling programme completed at El Abra during the first quarter of 2011 has returned numerous high grade results. A total of 89 channel samples were collected from 19 sites. Initial samples at each site were taken from outcropping quartz vein material, with subsequent samples extending outwards into the mineralised selvage (vein margins). All sites were located within an area approximately 800m by 450m.

All samples were prepared for fire assay and ICP elemental analysis by Alex Stewart Geochemical in Mendoza, Argentina; all samples were analysed by Alex Stewart Laboratories and then re-analysed by ACME Analytical

i am not surprised - the grades are stunningly high::
gold grades including 80.78 g/t Au, 44.98 g/t Au and 39.74 g/t Au

another blue day ahead imo

kerrrrrrchinnnnnnnggggggggggggg!!

again

what a week here!!

Ok Gibby anything to break up the sea of red!! I am in but probably missed the boat as its rising quicker than the works elevator!!

The directors of Ovoca Gold (AIM: OVG), Ariana Resources (AIM: AAU), ECR Minerals (AIM: ECR) and Nighthawk Energy (AIM: HAWK) will be presenting:
Thursday the 26th May 2011, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception.

FREE registration - http://www.proactiveinvestors.co.uk/register/event_details/111

This event is suitable for the following: Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.

The event is not suitable for people pursuing commercial opportunities.

If you have any problems registering or queries please email events@proactiveinvestors.com.

lost 10% today looks like the boys are coming around again gibby? anymore of this and I will send around er indoors!!!!!