mine management plan, page-13

But Nolly,

I am punting on 3 things.....

1. Gold well over 1000 USD/ounce....possibly 1200 USD/ounce come Dec.

2. EXM completing shallow pit and Juno drilling by August's end and having assay results by mid-October. Great high grade results from RC drilling and robust results from dumps showing the great possiblity for a economical leaching program.

3. EXM having a J.V partner for Juno or a favourable (for shareholders) large institutional investor by Octobers end.

IF, and only IF this happens, I feel EXM will be north of 5c come start of December.

A big pure punt of course.....but not out of the question.

Cheers.

K

P.S Read somewhere today that every year since 2002, the gold price has increased by 10% in August/Sept...due to the India wedding season. Toss in the collapse of the USD and we could have 1000/usd/ounce by months end. Need it to smash thru and stabilise though for any interest in EXM from large investors I feel.