FormerXBC Inc XEBEQ

RE:RE:Xebec is fumbling and bumbling and stumbling about here

[tamaracktop]

Yes.
The evacuation orders were on July 20th.

The orders have now been lifted.
The drill rig has been moved offsite due to contractual obligations.

7 holes have been completed and I believe all have now been logged, and split cores have been sent to the lab in Reno.

These cores will also be assayed for gold and silver credits, and converted to copper-equivalents for feasibility studies.
This has never been done before, and will make a material impact.

Placer-Amex drilled the property from 1965 through 1970, but susbsequently abandoned the project because of low copper prices.
They never tested the associated gold and silver credits, despite the obvious that it is a polymetallic deposit.

the goal of this drill program is to move 60 million tons at .41% copper from the inferred to the indicated category.
Up goes the net present value of the Moonlight deposit, which is already $800 million (for just one of the deposits on the property at $4 copper).

Results are expected late this month.

The fact is, this company has at the very least one million pounds of copper in a very friendly juristiction in the United States and it closed today at a fully diluted market cap of $16.8 million.


The Dixie fire started on July 13th.
In the ensuing months the stock dropped from 17 cents that day to a low of 9 1/2 on September 24th.
It's hard to keep running a business in the middle of one of the largest forest fires in history.

Today it traded as high as 15 cents, and closed at 12.
Today's high was up 50% from the low less than a week ago.

When it peaked at 36 cents on February 24th, copper closed at $4.31/lb.
Today it closed at 12 cents, and copper closed at $4.72.

Ill try to get a completely up-to-date rundown next week.