drilling stopped, page-21

LOL
credit where credit is due Wole, i got a giggle outta your ex wife gag.

You suggest that EXM is sliding into the abyss? Some here dont agree. Fact is EXM is facing a partial and as yet unquantified downgrade of part of the Juno legacy asset.
Not great news to be sure and yes investors need to be informed of the size of the downgrade in order to evaluate the companies position.
Cube is responsible for quantifying the extent of the resource at Juno and it is my understanding that this work is not yet finished, drilling at Juno has only very recently stopped and assays etc are awaited and necessary to complete accurate calculations, so we all must wait.

It is important imo to realise that this 'downgrade' relates only to the indicated portion of the Juno resource where previous mining was more extensive than previously thought. The recalculation/verification of the historic/legacy resource is extremely important BUT at this stage does not account for the current exploration success that EXM has enjoyed updip and downdip at Juno nor does it include NM4 or the tailings. Nor does it effect the shallows.
The more recent success around Juno will imo go some way to negating the 'downgrade' in the historic resource. By how much we are yet to be informed.
Kempe is correct in saying that there is still more drilling to be done, and i have said before that the company will need to drill more in order to shore up more resources and close off the current resources many of which remain open.

Until we are updated on the resource statement we are all speculating, i would wager that worst case (when the Juno downgrade and the recent exploration success are both accounted for) that EXM will still have around 1m Oz with remaining exploration upside remaining that could well end up being closer to 2m Oz further down the track.
The shallows and the tailings still remain an option for early start up and could well help fund the proving up of further resources in and around Juno as well as Nobles Nob and M10.

Tanami is a wild card and imo the expenditure of $500k to obtain a 90% interest in a huge and highly prospective tenement is a bargain and any success here only gives EXM further options as well as the benefit of not being a 'one project wonder'.

I have spoken to the company and the next round of drilling at TC is currently being planned, this is likely to include infill of updip juno, further drilling of inferred at Juno and possible testing of M10 as well as targets around Nobles Nob, as i said still planning and yet to be confirmed. Also roads are being graded in order to facilitate access at the Tanami prospect.

What does all this indicate ? To me it says that the company is doing everything it can to make up for any lost ground and further advance the project towards a decision to mine. As a shareholder this is what i want to see.

There is plenty of gold and copper in our ground at TC and imo the game is far from over.