uk investors, page-7

harry

I agree with your sentiments, i guess we are just playing at semantics when we refer to how long the cash will last. when i say 'soon' i mean at least 12 months comfortably. Agree $3m is not a mountain of $$$ but it will keep the wolfs from the door for some time as well as fund a bit of drilling. Company has slashed expenditure in order to delay as long as possible the need for further funding and awaiting a market recovery.
It was clearly outlined at the AGM that the focus is now scoping and feasability studies with intentions (providing the numbers stack up) to proceed to start up mining operations and cashflow asap.
This is a critical juncture for us, the transition from explorer to producer and the process will take some time. The studies must be thorough and comprehensive in order to attract a suitable partner and all i am suggesting is that EXM has ample funds to see it thru this stage. No doubt the "studies" will inpart determine the best possible funding solutions going forward into the next stage.
1 step at a time
Given size,grade and depth of resource i have no doubt Tennant Creek will prove economically viable and will be able to attract a suitable partner with the requisite funding