Some thoughts on Financing, from a retired banker( 10 years ago, one of the good type). I have worked many a Cash flow analyses with customers, and in the end , the conclusion, of whether to finance the project or not, came down to being able to produce enough product to pay the capital and variable expenses, along with a proper evaluation of, all the variables involved...ie...price, expenses, etc, with a profit left over.

ECU, has 400 plus million ounces of silver, with possible 500 plus million ounces of potential silver. If ECU were in some way able to come up with $100,000,000 for Capital expenses for mine and milling expansion, this would require selling maybe 10 million ounces of silver at $20/ounce(allowing 50% variable expenses).

This would, in my example, leave 390 million ounces of Silver, plus all the 500 million ounces of potential silver. As a former banker, I would have been quite ready to help this kind of a customer.

With an additional $100,000,000 capex expenditure, How many more ounces per year could ECU produce??

I read in todays news where Baja copper just raised over $800,000,000. Surley, there is a way ECU can raise the needed capital.

As shareholders, I would bet that The needed money to get ECU going could be raised from within the current shareholders base.

IMHO

harryd