I acknowledge the points, asf, but I think everyone is assuming...

I acknowledge the points, asf, but I think everyone is assuming (possibly rightly, based on recent delays, funding, poor communication etc) that the recent plans put into place won't come to fruition.

GOA is now moving to small scale mining, with a target to get to self financing it's drilling operations with it's mining operations.

The market cap comparison also is not completely accurate, given that GOA now has a market cap of $10m, but with cash of $5m (after paying out $1.5m loan) from it's recent raising. EXM needs to go back to the market very shortly, whereas GOA doesn't.

You are right though, that after consolidation it could be going down further...