EXG 0.00% 3.5¢ excelsior gold limited

Ann: Zoroastrian Resource Increase and Upgrade , page-8

  1. 128 Posts.
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    re: Ann: Zoroastrian Resource Increase and Up... People don't understand this story if they are selling now.

    They are cashed up now through Pre-feasibility, reserve statement and long lead items may be ordered on the mill, new stock almost all placed to sticky shareholders and some silly people selling now just before the final resource upgrade of this drill program.

    Most of the selling has come from older holders as was sold before placement stock was released. They were probably in from early days. Oh well they got the early profits and we have a new group of lucky shareholders who get to jump on the ride for the most exciting period which is this year.

    They yr preceding production can often be boring as the plant is built etc but this is the year where we see if they will be bid for by Zijin/Norton or they make the call to build a plant of their own or toll treat satellite pits for early cashflow, reserves, initial cash cost estimation in the pre-feasibility...

    This is not a trading stock it is a growth stock that ticks all the boxes as far as i'm concerned.
 
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