Hi guys, I haven't been posting much on this thread lately but have held EXM for quite a while. In my humble understanding we are looking at a Co with news due at anytime from an area whose past historic drill results looked like this:
12,883 G/T Au not a misprint
32m @ 670g/t Au
20m @ 333g/t Au
6.7m @ 833g/t Au
36m @ 210g/t Au
They also have a current resource estimate of 500,000+ ounces of high grade gold:
Juno - 321,415 ounces of gold @ 10.5g/t indicated
M10 - 92,296 ounces of gold @ 5 g/t, inferred
Nobles Nob - 17,904 ounces of gold @ 3.2g/t inferred
Total 532,244 ounce of gold @ 7.12 g/t
A target to increase their current gold resource by another 2 million ounces (check out boardroom radio) from the current drilling program that is underway which they also spent 9 months planning to maximise results. And to top all of that off as FatGuts pointed out that past mining had a cut off of 7g/t which by today’s standards is high grade gold and implies there would be a lot of gold left behind.
Is it just me or does anyone else think we should be trading around the 5's – 6's leading up to the news. Just wait and see what happens if we get a result like those past historic drill results hehehe. As for today's sell off many thanks to those that let me top up cheers, seems like a few day traders might have got caught with their hand in the cookie jar. BTW I am in for the long term. Good luck to holders.
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