followme - check out EXMs last (substantial) resource upgrade announcement (it was quite a while ago), then take a look at the charts around that time.
You'll find the SP actually set off downwards as soon as the announcement was made.
With speccie miners like this, drilling results and resource upgrades won't always have the effect you'd expect. EXM has fantastic grades, and at shallow depth, so why isn't it valued higher? Simple answer - the market believes that the stuff is likely to stay in the ground....
The big step up for EXM won't be more drilling results or a resource upgrade. What we really need is definite, quantifiable progress towards getting the stuff out of the ground (or out of the tailings heap). I'd say, at best, that is many months away.
followme - check out EXMs last (substantial) resource upgrade...
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Last
$3.43 |
Change
0.095(2.85%) |
Mkt cap ! $240.9M | |||
| Open | High | Low | Value | Volume |
| $3.33 | $3.48 | $3.33 | $345.7K | 100.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6608 | $3.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.46 | 3000 | 1 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| DSE (ASX) Chart |