Agoracom: Small Cap Investment - Excalibur Resources Ltd. - Re: June monthly report from CNSX: Silver King Option Termination

Excalibur Resources: 250tpd plant with commercial production in 2014

2014 Gold Producer (dividend planned) in Pinos Bonanza Gold District, Zacatecas, Mexico

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June monthly report from CNSX

Chauncey Gardiner

Jul 09, 2012 07:27PM

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Re: June monthly report from CNSX: Silver King Option Termination

in response to

June monthly report from CNSX

Chauncey Gardiner

posted on Jul 11, 2012 01:48PM

Thanks, Chauncey, for the report.

A little surprise, that the Silver King option was terminated.

Excalibur has spent so far: $140k for the option and $680k for exploration.

For 100%, they would have to spend another $380k plus taxes and 100k shares plus 1% of the outstanding shares at positive feasibility stage.

Excalibur wants to concentrate on Catanava and on gold exploration/production.

That´s why the Silver King next-door property Cariboo stays in the portfolio, because of it´s gold potential.