This is the translation of a post of a German visitor at PDAC and his conversation with Tim Gallagher at the Xmet booth regarding Excalibur:

Tim said, XBR is ok for cash now going into production. There are no further PP´s planned at these low prices. If there will be another PP at higher prices, it will be used to speed-up the mill expansion process. Because that will generate exponential throughput and cash flow, which will ultimately benefit all shareholders.

Both crushers and the ball mill are working fine, as can be seen in the latest video, posted earlier (see "Link Library" section on this hub). Tim anticipates commencement of test production of this section by the end of next week. The crushed material from this test production will be stored for later processing, because the building for the wave tables and the safe storage facilities is not ready yet.

Once the building is finished, the whole test production process will start, which is anticipated by the end of March / early April.

First they will use the dump / tailings material of the historic mining operation (70k tonnes @ estimated 3gpt). Following that, Tim wants to use seperate material of individual vein sections in order to establish average grades for different areas.

Tim was happy with the progress made so far and was looking forward to the production of the first dore bars.

Sounds very good to me !

FANTOMAS