<Shawn Kennedy will make XCL work>
The whole Nevada exploration scene has completely collapsed (and the production will too, in a matter of a few years), well illustrated by the PDG's Getchell towel throw. Another classic PDG buy signal? NOBODY is paying any attention to Nevada, but the names I'm going to mention ought to be some of the first to pop up on the radar screen at $325 POG. And other than you, I haven't heard a SINGLE poster on any of my primary threads even say a word about them.
GBG is selling for next to squat despite already having a million high grade ounces (probably too beat up to carry on) right next to increasingly underutilized and hard pressed mills all up and down the Carlin Trend. XCL is going to have to recapitalize/ dilute and quickly at a dime. If Kennedy is willing to bite the bullet and raise enough capital to get all of Sleeper and do a little work, I've told him I'd participate. How about Coral? PDG is drilling away, and we have a market cap there of less than US$3 million. Another tax loss candidate to try and stinky bid? Then there's Nevada Pacific, another Rodney Dangerfield stock if I've ever seen one. EV less than US$ 2 million, with JV NEM about to announce results any day from an extensive phase III drilling program at Limousine Butte. One thing in common about all these projects is that if gold is there, it could be utilized as feeder to existing plants, with corresponding saving in capex.
BTW, the Loonie is at 62 cents. I'm going to refinance my house off of the latest interest rate manipulation, real estate bubble, and "anti-free trade" policy here, and buy your whole friggin country. <VBG> |
