To: Gord Bolton who wrote (100 ) 2/14/2000 2:00:00 AM From: marcos Read Replies (1) | Respond to of 4051
XCL on Toronto, X-Cal Resources .. no debt, no gold shorts, ongoing programme to increase the measured and indicated on which they are already significantly undervalued considering the current market cap and current PoG. Main project is Sleeper, kind of an appropriate name because Amax clearly was sleeping when they dealt it off to xcl - x-cal.com They are doing all they can to tie up the whole district, which is in the northern end of the Battle Mountain Trend. Not a lot of cash in the kitty, but they don't need much as they use it well and have no problem getting financed when they go to the well. Since they don't use the promo houses they don't get the house promo ... but Canaccord has bought over a million since 1 Nov, 308k in Feb alone .. other houses accumulating as well ... Maison Placements dumped over 2 millions in Dec and they were snapped up, although quite cheaply ... this is my biggest metals position at the moment, i've bought up to .27 so far. Good to see you back, Gord. Great feasibility study over there on suf, thank you, that is my second biggest metals position just now, i think she is going to play with Green Line's 3.00 margin level tomorrow, if she closes over that it sets up a quandary as to whether or not to use the margin ... think i'll be cautious on that with suf because there is considerable support and resistance showing around the 3.00 level from a few months back ... in the past though, suf has consistently recovered very quickly, and an announcement on Messina could be the catalyst, so on a close over 3.30, yeah i'll use the margin. [edit] - for those who haven't seen your 'feasibility study' -g- .. here's the rough draft, which you refine downthread - #reply-12788354 I've been picking up a few mgj as well, average of .145 or so, might go on the bid and try to improve that. It's a good one and always comes back, but i can't see what would move it much in the near term. Maybe just hoping there, because i do want more. I like your swg and crj picks as well, crj kind of got away there on me last week but it is coming back now and i hope to catch some ... anybody mention rkr? ... it's into its drilling spec cycle already but i like it so much i haven't yet taken much of my original capital off the table, and may not. Claude's iau, there's another one, tight share structure and they're drilling where they pulled nice cores before, i grabbed a few ... xcl would be my prime pick though, it's a little surprising that no one ever talks about it ..... good to see you back, cheers