Ann: Quarterly Activities report 30 September 200, page-17

re: Ann: Quarterly Activities report 30 Septe... Hi Ashwil

If EXM identifies mineralisation in the overburden at Juno the economics of mining become seriously compelling (as if they arent already lol).
Currently cash costs are estimated at A$360 Oz assuming the overburden is barren, confirmation of mineralisation in the overburden would IMO put EXM into a position where it would have to be one of the highest grade and lowest cost mining propositions in the country.
Similairly the stope material at Juno has been modelled with a zero value, any grade found here will also impact the economics positively
The other Juno holes are targetting 'key pillar material' and i expect we will see some mindblowing grade from these holes

I agree that M10 holds much promise and the holes there will add serious value, should be cheap holes as they are able to wedge of from previous hole direct into the 2 known pods

November will be a big month