Gday Barney
just my opinion, but i have to disagree with your last comment.
Excalibur will have $10m in bank (post HK issue) having completed 1st pass drilling. I dont see more funds as a short term issue, $10m buys a hell of a lot of drilling etc. Having said that i am happy for EXM to raise cash from solid long term investors when the opportunity presents.
I dont like the thought, nor see the need, to share these fabulous tenements with another Co. With good infrastructure in place and the Warrego gold processing plant down the road i consider that start of mining will not be a big hurdle for EXM. When they reach that stage and have 2-2.5m Oz proved up, they wont have any trouble raising funds or finding investors imo.
With the Rising Sun resource being so shallow this would be an ideal start to mining with relatively cheap open-pit mining and the potential for the mining operations to be self-funding thereafter.
regards
BoomTrader
Gday Barneyjust my opinion, but i have to disagree with your...
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