current mc of approx $50m
EXM has currently 500k Oz jorc
this puts an in ground value on current resource of AU$100
per Oz, which seems fair.
to my way of thinking this means current sp merely reflects fair value on existing resource and does not factor in any exploration success let alone place any value on EXM's other projects
cheers
BT
major shareholders visiting tennant creek, page-26
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