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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: John Sladek who wrote (500)	4/3/2001 12:57:15 PM
From: marcos	Read Replies (1) \| Respond to of 8273

xcl.to - 'X-Cal and Kinross extend Sleeper agreement' X-Cal Resources Ltd XCL Shares issued 38,299,585 2001-04-02 close $0.23 Tuesday Apr 3 2001 News Release Also Kinross Gold Corp (K) Mr. Shawn Kennedy reports X-Cal Resources and Kinross Gold Corporation have extended the current Sleeper agreement to June 29, 2001. A payment of 500,000 shares of X-Cal Resources to Kinross Gold Corporation will facilitate the extension, subject to the approval of the Toronto Stock Exchange. X-Cal Resources owns 50 per cent of the mineral rights to the 30-square-mile Sleeper gold project in Nevada and has made a series of cash and share payments toward acquisition of 100 per cent of the project. Under the present agreement $1.75-million (U.S.) remains to be paid by X-Cal to Kinross for mineral title transfer. On closure, Kinross will hold a total of 8.9 million shares of X-Cal. Investors and interested parties have scheduled visits to the property during the month of April. X-Cal is at an early stage of evaluating a project to use some of the above ground resource at Sleeper to offset carrying costs of the district scale project. The Sleeper gold project is one of the most most prospective gold properties in North America. This prime exploration land and gold resource should appreciate as the pending reserve replacement deficits of the major companies become more apparent. (c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.com >>>>>>>>end quote<<<<<<<<< John, is it Fear of Dilution that has whacked us back by a third here? ... shareprice fell right off soon as that excellent presentation was put on the website, i think it was perceived as promotion in advance of cranking up the shareprinter .... which of course it was, eh .... how and when do you think they'll finance next? .... cheers [edit] - 'should appreciate as the pending reserve replacement deficits of the major companies become more apparent.' ... this is the key to the gold juniors imho - there's not much exploration going on, not much new metal being found, and meantime the majors are liquidating their reserves as fast and as cheaply as they can ... quality properties seem likely to appreciate imho ... person doesn't want to hold his breath waiting though.