#ECR Director Chris Gibbs heads to #Raglan this weekend as mining activity accelerates on site
Test pits are delivering strong progress, with the team aiming to process 1,000+ tonnes over the weekend
Further updates to follow next week 🪙
#mining#production#gold#queensland
#ECR - Raglan offtake partner identified and updated valuation assessment
✅ The proposed offtake partner identified represents a clear and practical route to market for Raglan Project #gold production.
✅ Replacement value, on a like-for-like basis, of the plant and equipment assessed at approx A$1.9m, materially exceeding the consideration paid by ECR.
Chairman Nick Tulloch: “..together, these developments further de-risk the Raglan Project at exactly the right time. Despite recent volatility, gold prices remain at historically strong levels and with all infrastructure in place and commercial arrangements moving to being finalised, we believe that the Raglan Project is well positioned to deliver early cashflow and support the continued build-out of ECR’s Queensland portfolio.”
#gold #goldmine #australia #bluemountain
read: https://t.co/pQtXtDUtw0
Very close to tagging 74k today but thus far it hasn’t been breached.
For now, we need to reclaim 81-85k to get out of the “danger zone”.
Just like at 25k with 24.8k inval that preceded continuation to new ATH- I will assume the level will be defended until/unless it is actually breached.
If it is breached, I will make a new market update video to cover what this entails.
With that being said, many alts that I track have hit their respective downside targets/HTF supports, so there is no need to panic (never is) if we break 74k- there are both bullish and bearish scenarios on the table if this happens and will go over those if those scenarios comes into play.
For now, let’s see if we can reclaim 81-85k and take it from there.
$BTC
"But what if token XYZ (which is already down 90+%) goes down another 90% from here?"
Look, I understand this sentiment and I understand the concern- and if I was holding some random meme coin or some coin that has no fundamental value or utility, or if I didn't understand the bull thesis behind the token I was holding, I would have this concern myself.
In fact I would be afraid, I would be emotional, and I would be nervous.
But I'm not. And it's because I have done my due diligence and I understand my investment.
Back in 2018, when $BTC had finally crashed under 4k, many were panicking, many thought it was "the end", and many were afraid it would go lower. Because of this, a lot of people made the mistake of selling the absolute bottom. Of selling after a 85% drawdown when they should have been buying.
I made a mistake too.
I got greedy and instead of full porting just under 4k (which had been my target since 12k+ when no one thought it was possible) I bought a chunk under 4k then laddered bids down into the 2k's and 1k's for the rest, which never got filled and which I was ultimately forced to buy higher on.
I have as much conviction in my current spot holdings as I did on $BTC at that time in 2018. I knew Bitcoin wasn't going to zero, and so I knew this was a massive buy opp- and that whether we went a bit lower into the 1-2k's or not (we didn't) it ultimately wouldn't matter because we were going to go much higher after.
I did the exact same thing with $XRP at .18- once again, when so many claimed it was "dead" and would never recover.
This is also why I have been talking about the same 5-6 altcoins this entire cycle. I have found (imo) altcoins that have fundamental value/utility- and becaue of this, my concern is not that they "might go lower", my concern is that I won't be able to buy more if they do.
I have been here before, multiple times- and selling at these levels never works out in your favor (if you are holding fundamentally sound alts that actually have a reason to exist/provide some sort of value).
So no, I am not concerned if BTC breaks down and my alts dip a little further- the entire point of accumulating at these levels is that the risk/reward is so far in your favor and that relative downside from current levels is so negligible vs potential upside- that it literally doesn't matter.
74k is the invalidation.
Markets choose max pain again, at this stage I should never doubt it.
Until we lose that level, nothing has changed, we’re just being pushed to the max.
Every shred of liquidity has been taken
4 monthly red candles in a row about to close with 5 waves down on the daily.
Liquidity increasing with metals topping
And ISM PMI set to come in at 50+ for the first time in years.
My analysis on all this hasn’t changed.
Flipping bearish at 126k was the play, that’s what I got wrong.
But flipping here is not the play.
The closer we get to invalidation the more we have to be convicted in it.
These kinds of buying opportunities come few and far between, but hardly anyone will take them.
Throwing some last funds here and will see how price develops as we head into Feb.
It is most definitely crunch time.
ECR Minerals plc (@ecrminerals, AIM: ECR) is gearing up to start gold production at the fully permitted Raglan Alluvial Gold Project in Queensland, Australia.
With a 60tph wash plant, mining fleet, and 300 acres of gold-bearing creek, initial trenches will target high-grade zones.
Chairman Nick Tulloch, @NickTulloch2, and directors heading there this week to kick things off and meet off-take partners.
This marks ECR's first step toward cash-flowing alluvial ops to fund high-potential hard-rock exploration. Aiming for self-sustaining gold production!
#Gold #Mining #ECR $ECR
#ECR Great to see analyst coverage highlighting the progress at ECR Minerals
Raglan is a fully permitted, turnkey alluvial #gold operation in Queensland - 60tph wash plant, gold room, camp, water and mobile fleet all in place
Near-term gold production → cashflow → funding the next phase of growth across the portfolio.
This is the first step in ECR’s transition from explorer to producer.
Thanks to @DrRyanDLong for the coverage
https://t.co/u5zQX7Xwyr
ECR all set to go into gold production at Raglan this week
@ecrminerals@AndrewScottTV@SPAngelNews@BrandMultiComms
- This production milestone will coincide with exceptionally strong recent precious-metal prices.
📢 Hit repost to spread the word
Read here:
https://t.co/Zh1zD0kPwf
#gold #australia #mining
#ECR Bags packed
Chairman Nick en route to Queensland as we roll into the production phase at Raglan - priority areas identified, trenching underway and wash-plant optimisation in progress. First gold firmly in sight.
With #silver through US$108/oz and #gold over US$5,000/oz, the Board will also be spending time reviewing Lolworth and our Victorian assets as we plan the next phase of growth.
Timing and execution
#ECR - Raglan production plan underway as we prepare for initial Gold
✅ Operating team to assess & optimise configuration of mining equipment, particularly the wash plant.
✅ Objective is to maximise daily throughput while maintaining a high level of #gold recovery.
✅ Blue Mountain Project independent testing demonstrated recovery rate of 91.7% gold into 0.40% of the mass. Coming work programme to assess whether Raglan will achieve comparable recovery rate.
✅ Chairman @NickTulloch2 along with Directors @AndrewScottTV & Chris Gibbs to meet in Queensland later this week to oversee initial stages.
Chairman Nick Tulloch: "..initial mining operations at Raglan represent a major step forward as the Company transitions from a pure explorer into an operating gold producer..Importantly, Raglan also provides a strong operational foundation for our wider Queensland portfolio.."
read: https://t.co/sFH6mOZxSk
"The cycle doesn't need to end in a blow off top"...
I've said this before and I'll say it again- every correction that we see is an equal and opposite reaction to every expansion phase that proceeds it.
Option 1: Steady climb higher with no parabolic advance/blow off top? Less drastic correction to follow in terms of time and/or price..
Option 2: Steady climb higher that accelerates into a parabolic advance/blow off top? Equally as aggressive and devastating correction to follow in terms of time and/or price.
Secular BULL markets typically END in a blow off top. This is MAX greed/euphoria of the LARGER cycle. Secular BEAR markets BEGIN after a blow off top. This is MAX fear/despair of the LARGER cycle.
Every rise and correction within a secular bull cycle that doesn't display these qualities are rises and corrections of smaller degrees- or "mid cycle tops" as I like to call them.
This is not a foreign concept even with the traditional "4 year cycle" proponents. Each 4 year cycle is a smaller "cycle" within a LARGER 16 year mega-cycle, and peak euphoria/greed/irrational exuberance is usually seen at the end of a 16-year secular bull cycle, which is why the secular bear market that follows is so devastating.
So yea, if this "cycle" doesn't end in a blow off top, then it's likely not the end of the LARGER secular bull cycle, just a "mid cycle top", and the correction that follows will reflect that.
The "cycle top" that I am constantly referring to is the top of a larger secular bull cycle, akin to the end of a 16-year cycle, not the smaller "4 year cycles" in between. This is something we have not yet seen on Bitcoin- and I fully expect the end of our first 16 year Bitcoin bull cycle to end in euphoria, greed, and irrational exuberance, which, by definition, can only present itself on a chart via a parabolic advance/blow off top.
✅ Volume & placing cleared
✅ Entering rev phase with really strong balance sheet
✅ Entering production with gold @ ATHs
✅ Production starts within 2 week
Then..
✅ 2nd license in production alongside
✅ JV update
✅ Further exploration Lolworth Gold/Silver 👀
Beast! #ECR
Our Raglan Project is now fully staffed and ready to go
With all plant, fleet and infrastructure already onsite, we’re set for a rapid, efficient ramp-up and early cashflow generation to support Blue Mountain and the broader Queensland portfolio
#ECR#GoldProduction#Queensland
#ECR Minerals Raglan Project to enter production phase.
✅ Operating team secured & commercial terms agreed, enabling the commencement of mining in the coming weeks
✅ First gold production expected before end January 2026
✅ Raglan Project positioned to provide early cashflow, to support in due course ECR’s larger Blue Mountain project and the wider Queensland portfolio
✅ All key infrastructure, equipment and permits already in place at Raglan Project, expected to enable an efficient ramp-up of operations.
✅ Strong #gold prices create favourable market conditions for ECR’s assets
Chairman, Nick Tulloch: "Securing our operating team is the final major step to bring the Raglan Project into production, and I am thrilled that we can now set a clear expectation of initial gold production before the end of January 2026. This is a pivotal moment in ECR’s journey....I look forward to updating shareholders as we move into production and begin generating cashflow for the first time in ECR’s history"
read: https://t.co/hun24cUonk
Big morning for #ECR
Our Raglan Project in Queensland now has its operating team in place and first #gold is expected this month
This is a significant step - ECR is about to become a cash-generating gold producer
#ECR Enters Production Phase 🪙
Operating team secured at the Raglan alluvial #gold project in Queensland, with first gold expected before the end of January 2026
A major milestone as we transition into a revenue-generating gold producer