Taylor Collison and Lithium combo at play here - going off recent combos of the two, the stock is likely to at least double or triple from here.
Raised $0.5m at 2.1c then 4 days later raised another "additional" $0.5m at 4c when the SP was around the same price. Investors in the 4c raise included a "well-known small cap resources fund" - if nothing else you'd think that these guys would know what they're doing and would be expecting a return of more than a few pips to get them interested.
Lithium project rock chip sampling returned hits up to 1.82% Li2O.
On-ground Lithium exploration to commence early May 2016 (now).
Just signed an agreement with PYBAR (mining contractors that are mining for SAR 25km's away) for PYBAR to fully fund all mining costs - so gold to be mined shortly, with EXC paying nothing and getting income from the operation (not a bad deal, especially with gold flying at the moment). The area covered under the agreement is only a portion of the whole project and all exploration upside is with EXC.
Market cap $10m...but not for long - should be valued at multiples from where it is right now on no further news, imo.
We'll see how she goes once some of the Lithium exploration announcements start pumping through shortly (and maybe some gold ones too).
