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17.0¢ explaurum limited

Love your work @eshmun - nice breakdown. Where can I find the...

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Deznuts

313 Posts.

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26/08/17

14:05

Post #: 26779413
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Originally posted by eshmun ↑

Thanks. I just looked at the presentation from the Gold Coast. Interesting to see the size of the upgrade.

Some of the surface intersections look really good which would bode well for early cash flow from the mine but the average grade, cut off grades, strip ratios, processing, CapEx etc are what will determine the long term profitability.

I note the processing will likely include some floatation due to geometallurgical variability. The gold is not refractory ore but it occurs in different forms.

View attachment 701601
It will be interesting to see if the market rewards the company for all this drilling and the big lift in resource which I assume is coming soon.

I'll put this on my watch list with many other developers that I'm following for the minute.

@nordesmic

Hi Nord

If this resource upgrades well, this is another company that you might want to add to the ~1Moz developer watch list. Not sure if the resource will go that high. I suppose it could depending on what cut off grade they use. This developer space is getting petty crowded now. Esh

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Love your work @eshmun - nice breakdown.

Where can I find the greater than 1Moz club? @nordesmic ?

EXU Price at posting: 14.0¢ Sentiment: Hold Disclosure: Held
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