The 9 Nov 2018 was only indicative and was in response to the RMS offer and prior to the ALK funding.
If you had been following the EXU story, EXU were busy drilling out the Tampia pit on a 10m x 10m spacing before RMS came along. This density of drilling allows for a feasibilty to a bankable level, forget about scoping studies. If shareholders vote for the ALK funding there will be plenty of money to drill out Mace to whatever standard is required. I agree it’s better that they don’t rush any enhanced feasibilty and with $8 million in the bank after the raising I don’t expect that they will. Maybe a maiden resource on Mace is all that is needed now as the RMS offer seems dead (uncompetitive) so no need to show full hand at this stage. Keep the trump cards for when they are needed. Esh
EXU Price at posting:
11.0¢ Sentiment: Hold Disclosure: Not Held
