is today the day, page-8

I have been holding a large quantity from the 3c level which is a core holding, I have also traded in and out depending on momentum, I have a price target in mind before I would even consider selling out, what often happens with spec companies like EXM they surge on good news and often overshoot a reasonable valuation much like FDL,RAU did.

Given that EXM has already got 530,000 oz's of high grade gold in a JORC resource and very substantial land holdings very prospective for gold/uranium I don't think EXM is yet anyway overvalued, as an investor/trader you have to ask yourself if you think EXM will find any more gold if you do, for every 500,000 high grade oz's I would add on the conservative side 2 cents per share.

So basically this is how I am trading EXM

if they find another:

500,000 ozs SP 6c
1 million oz's SP 8c
1.5 million oz's SP 10c
2 million oz's SP 12c
(which is the company' target)


like I said I have a price target in mind to get out and we are no-where near there yet.

each investor needs to have a trading plan when entering a stock I use momentum and simply trading plans as a guide.