news drilling update, page-11

Good morning people.

The results are at best average for infill results on the previous drilling.

Yes, the 6m at 22.19g is over 2/3 ounce dirt per tonne...but the result of the results are largely marginal at best. That is, either high grade across short intersections or longger interesections of lowish grade.

And while not know or being provided with thye geometrics for the 6m 22.19g intersection with relation to the previous model, one can not say what the true width of the intersection could be - if you get my drift? Imagine drilling along a sausage instead of directly across it to understand my meaning of true width.

Seems to me that my earlier call of last week is correct. It is the information that is not in the announcement that will hurt EXM SP the most. As per their July 3 Quarter plan, the announcement leaves alot to be desired.

I may be wrong but these results are underwhelming to mind and the announcement is like wise. Accordingly, I believe EXM will be marked down in the market today and until firther news is out, EXM is headed back to the mid 1's.

Sorry people....I am disappointed for holders.

Regards.

K