Relying on the criteria normally used to assess the worth of gold miners\explorers EXG is significantly undervalued. A realistic assessment of the company's merits would put the SP at 10 cents, at least. In the event of the coming announcement significantly increasing reserve ounces a considerably higher SP could be justified.
However, new investor response will depend, to a large degree, on how effectively the company is marketed. The SP could also be favorably affected if management is able to negotiate a beneficial merger or takeover.
To put it very plainly -- at 4 cents I don't see how you could lose.
As always -- DYOR
EXG Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
