mine management plan, page-11

Hi BJC,

Already factored in?

Absolutely nothing is 'factored in' with EXM.

It is purely because EXM has failed to progress the Tennant Creek Project and have things 'green stamped' that the EXM share price wallows where it is.

If everything was 'factored in' as you say and the market had no doubt that EXM would be commencing mining come end 2010, EXM's 'factored in' share price would be around 5-7c.

Therefore, absolutely NOTHING is factored in to EXM's shareprice and even the smallest of footsteps towards the said 'Ready to go mining at the end of 2010' will help restore confidence in EXM and the new management.

Again, I am really looking forward to when the EXM MMP is announce as go and drilling is go.....and the crowd screams.....'yes, but the gold price is north of 1000 USD/ounce...that's the reason!".

Well, maybe the combination of the two will mix to re-rate EXM a little, but keep in mind that EXM has never really swung with movements in the price of AU. Why? Because they have never had a plan to get what they have from beneath the ground to above it!!

The MMP and the approval of it will be testomony to the fact that they are ready and willing to execute.

Again BJC...so you have bought and built on land that is not council approved huh?? Because council approval is a given?? Just curious.

Cheers.

K