Held DIO for years on its`journey from resource to production with TO always a possibility.In the event they bought the Mill and dug the mine before AVO came for them at a price-when you strip out the Jubilee Mill-that makes you wonder why you bothered.BUT-they only hold a 49% stake in Frogs Leg,the ore is generally deeper and more expensive to process than we are told that EXM`s would be and they hived off what they thought were their base metal interests into LSR.
EXM wins on 100%-owned 1m oz+ resource,grade,accessibility and prospectivity-and has a good bonus tonnage of copper as a kicker.Would like to know a bit more about processing,though.
Join the consensus that EXM already has considerable TO potential that will only increase as the resource is expanded and proven up.Baffled by current SP but only too pleased to add at these levels.
Will likewise just sit back and enjoy the ride.
DSE Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
