Although it´s still early stages and XBR hasn´t even started production, it´s good to hear that a plant expansion to possibly 750 tpd is already planned for.

Have a look at the video again, where you can see, that they already built the foundation for another 500tpd ball mill next to the existing 250tpd ball mill.

http://www.youtube.com/watch?v=qkJ6eeq2CVs&feature=player_embedded

Once they start production and get cash flow positive, the biggest step forward will be mill expansion. This will be a really big step, cash flow wise, if they manage to get a 500 tpd mill next to the existing 250 tpd mill, as can be seen on page 21 of the actual company presentation:

http://www.excaliburresources.ca/i/pdf/brochure.pdf

Even at 3gpt Gold and NO Silver credits (!), the 49% share of cash flow for Excalibur would increase from about $5M to around $14M annually.

This is what Tim Gallagher expressed in a mail regarding these expansion plans and average grade projections:

"... but the 250 tpd plan is to mine a million tons over the next 12 years with a target of up to 5 million tons with plant expansion and a District potential of perhaps 20 million tons. You can do the math if we average 3 grams Au and 1 ounce of Ag. Hopefully, we hit bonanzas which will double or triple the average grade."

FANTOMAS