EXU 0.00% 17.0¢ explaurum limited

Very good results announced yesterday, still maintain (and hope...

  1. 20 Posts.
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    Very good results announced yesterday, still maintain (and hope continued results supports this) that it will be closer to 1moz defined rather than 650koz. Management are technically and geologically very adept, between the geology consultancy connections - Kenex (Greg Partington) and RSC (Chris Baker) we have serious geological bullets (minds) supporting the company. Whilst mgmt communications may be somewhat conservative, they are working methodically to get this project to the point of development and when they do hint at their excitement of results, I think it’s a very good sign.

    As the drilling continues, it will also be interesting to see what they are doing with the metallurgical recoveries. Any improvement they can achieve will enhance the recoverable gold and the overall economics….just as important as good drilling results and could be the next catalyst.

    Management seem to be taking the right approach with land owners although doodledog may be able to provide more commentary on that?? If your prepared to hold, aided by a rising gold price and trumpy's tweets, this is shaping up to be a real story and project, just have to look at the market cap's of developers with 1moz indicated to see that a significant re rate is there can it be achieved.
 
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Currently unlisted public company.

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