Quote from another board:
Posted: Fri Aug 12, 2005 9:57 am Post subject: XCal Resources (T.XCL)
--------------------------------------------------------------------------------
This is an interesting company that has signed a solid JV deal with PDG in the hot Cortez Trend of Nevada for their Mill Creek property. They stand to pocket $5 million if PDG exercises the option, and they will still be in line for a 1.5% NSR from any production. PDG has just announced a drilling program to complete their DD before making the decision.
I played XCL back about 10 years ago during the last PM boom that abruptly came to an end when Bre-X blew up. I do not own any shares in the company now, but if this current deal comes to pass, then I would imagine XCL will be a cash rich player to work their other properties, and have a royalty income stream down the road. Sure looks like a good way to play a long term bull market for PM stocks.
cheers!
mike
Ich sch dem an und sehe sogar mehr Interesse von PDG an der grossen Story - Sleeper - eine JV mit NWS ...