Can you describe your company and say what it does?
Excalibur Resources Ltd.(CNQ: C.XBR, Stock Forum) is a junior mining company focused on the development of a 250 tpd gold-silver plant in a historic Mexican Gold District, which is mostly permitted and currently being installed.
What distinguishes your company from others in your space?
Excalibur is a micro-cap company on the verge of production. The unique goal of the company is to pay a dividend based on its 49% share of annual gold production of up to 20,000 ounces.
Can you explain why you have chosen to work in Mexico as well as Canada?
Mexico offers a friendly environment for foreign mining companies, where over 200 Canadian companies operate. Mexico has a 500-year history of mining.
What are your flagship projects?
Minera Catanava – a gold-silver project in Pinos District, Zacatecas, Mexico.
- Commercial production in the first quarter 2012
- Target production of up to 20,000 gold ounces per year
- Potentially $0 cash costs with silver credits
- Simple mineralogy; veins 99% pure quartz
- 250 ton/day operation plant with potential to increase to 750 ton/day
- Excellent exploration potential
https://www.facebook.com/pages/MINERA-CATANAVA-SA-DE-CV/235841526474806
What are the main challenges that you face in operating your business?
It is a startup mining operation of erratic nugget gold veins
Why is your company not listed on the TSX Venture Exchange?
Excalibur plans to be listed on the TSX Venture in 2012 as soon as it generates a 43-101 on its Mexican property.
Who are the major shareholders of Excalibur Resources?
Inflection Capital, Tim Gallagher, Pinetree Resources Partnership, Mavrix Funds, Andrew Robertson, Private investors.
How much cash do you have on hand and what is your monthly cash burn rate?
$300K – cash; monthly cash burn is $100K
Who are the key players on your management team?
Tim Gallagher, Andrew Robertson, Charles Beaudry and Don McLeroy, Phd, and his team in Mexico.
What kind of experience do they bring to the table?
A skilled management team with years of successful experience in business, marketing, geology and engineering.
Disclosure: Excalibur Resources is a Stockhouse client.