BarneyI dont see any need for excalibur to waste precious...

Barney

I dont see any need for excalibur to waste precious exploration funds on purchasing a processing plant.
EXM is in the business of gold exploration and in the future mining.
Makes more sense (to me) to let emmersons carry the burden of a currently unused processing plant and all its associated costs.

With the highgrade and shallow nature of the gold at TC (read cheap extraction costs) and high gold price there will be very profitable margins on the Oz produced (after treatment costs).

As i said before, once they open pit the shallow resource at Rising Sun i expect that the rest of the operations could be self-funding in the future.
Or
Maybe someone will just make us an offer we cant refuse and take us out ??

TC is going to be a very valuable project, both gold and copper.
Then there is the Tanami project which has shown surface samples in excess of 100 g/t gold, with 1st drilling set to begin before years end and there is a Uranium project in the mix also. where oh where are the aeromag surveys !!!

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cheers

BoomTrader