X-Cal Resources fka XCL

[marcos]

An old broker around here used to complain of how hard it was to get some things through to certain clients, he would give as example a time he was highly recommending one play, figured it way undervalued due to delays that would soon be over, and when he told one guy, who held considerable shares, that they would be 'proceeding with such and such as soon as they completed condemnation drilling', the guy sold out .... didn't like the sound of the term 'condemnation', lol

It must be a long complex job to make the best possible mining plan for a project .... you have to drill it all off, to get it right for sure, yet drill money is limited, so you'd always be sawing off one factor against the other .... it's not hard to see how Amax was thinking in the mid-eighties - they had enough rich ore for a mine, so they mined it ... made good money too ... actually their great mistakes were made first on other properties, and as result of those they lost Sleeper ... this is the way i heard the story, anyway