Are you seriously saying that they are mining punters money? They don't finance a central office, there's an indication of how cost conscious they are. They have delivered a feasibility study with AISC under $900 per ounce and over 100,000oz per annum for first two years - they'll payback project in 18 months! Could be mining in 2019, massive upside from surrounding targets. They have headed straight into development rather than endless resource building but at the same time, they have conducted smart exploration programs at surrounding targets - this will be 1m oz before you know it.
Very harsh mate. Anyone who knows John and the team, will understand the work going on - its intense and they are delivering. Focus is on getting into production as soon as possible. If revenue modelled on 6 years LOM is $800m and they improve that to 10 years, given surrounding exploration, this is likely, then that is total revenue forecast circa $1.5 billion ! From a little $40m market cap stock sitting outside Narembeen in WA. Back up the truck !
R
EXU Price at posting:
9.8¢ Sentiment: Buy Disclosure: Held
