keepimg my EXU but i believe RMS is great value at this stage...

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boosgold

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10/09/18

12:14

Post #: 35494523
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Originally posted by eshmun ↑

Got to say I completely missed the announcement about Mace on Friday.

Out to 1,100m now.

No wonder RMS moved. Mace is the reason I bought into EXU, it has the potential to enhance the immediate prospects of both companies due to the easy cash flow it represents. My idea of EXU toll treating the Mace ore through EM would also have been a win-win for both companies but it looks like it’s too late for that now. There is no minimum acceptance on this offer, but EXU could trigger one of RMS’s exit conditions if it issues any shares or enters into funding arrangements (over $A1 million). Then RMS would need to consider if it wants to hold the offer open. I think RMS will need to offer more if they want to get to say 51% which would get them in control and allow them to roll the board. The downside here is if RMS get stuck with a non-controlling stake which they might later use to shaft the share price. Esh

“The Mace deposit extends from the southwestern margin of the proposed Tampia open pit. It is 40-80m wide with an average thickness of 5m from approx. 8m below surface

- There were 82 RC holes completed for a total of 2,614 metres. Better intersections included:
6m at 7.02g/tAufrom5m;
6m at 5.88g/tAufrom3m;
7m at 3.80g/tAufrom9m;
6m at 2.49 g/t Au from 11m.

The distribution and continuity of mineralisation between drill lines is excellent. Mineralisation is high-grade with an average uncut grade from all intercepts of +5g/t Au.

Given the mineralisation is at a shallow depth and hosted by unconsolidated sediments, any mined ounces at Mace would be expected to have high metallurgical recoveries and low operating costs.”

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keepimg my EXU but i believe RMS is great value at this stage bought some today

EXU Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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