When will Excelsior Gold blast higher?, page-6

This has been talked to death over the past few months
(see previous posts)
From the graph the market became skeptical in Feb (see Co anns)

There's a saying in business; 'never underestimate the other party's greed".

Now just imagine you are the other party; the Chinese.
You have a a huge plant but little or no ore. You are approached by
an emerging miner to process ore under contract.

Greed 1 theory:
As Chinese, you cut a safe deal to process EXG's:
-you ultimately determine grade
-you pay 50% up front based on your grade valuation
-you delay the remaining 50% payment for as long as possible
-you guarantee not to make a hostile takeover bid for at least 12 months
(7 months ago).
-you accumulate in the interim via a third party.
-if we don't buy them and if they are profitable, we'll eventually loose them as a customer.

Greed 2 theory:
You are EXG.
-you get to market early and cheaply by employing a contract processor
-you accumulate the lollies
-when there is enough in the kick, you build your own plant.
-you are independent and then you securely make the lollies.

IMO, the risk/reward equation of EXG and its Chinese processor has to
be considered as per the above 2 theories.

Perhaps the Mar quarterly will reveal how tardy the Chinese final payments are.

I assume that to process, seperate and smelt the gold takes less than a month.

DYOR & all of this is IMO only.

mm