EXU 0.00% 17.0¢ explaurum limited

Ann: FINAL ASSAY RESULTS - TAMPIA RESOURCE UPDATE IMMINENT, page-25

  1. 4,301 Posts.
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    Hi eshmun, does look interesting. I reckon I saw a broker note or two last year but hasn't been on my radar since.

    I guess it all comes down to the size of that deposit once the sizeable drill program is realised in the new JORC. For a $120M capex (just reading from above discussion) they are going to need the million ounces (incl. inferred) for it to be developable. I'd be surprised if the resource got up that high from 300koz current but no idea how much the drilling has been infill vs extensions. The long section in the presentation doesn't look like a million ounce deposit. AISC will need to be in that magic under A$1000 per oz category given the smallish scale.
 
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