Yes, extrapolating from the last quarterly it looks like we should have around $61-62m cash balance by the end of the year.
Then there's the Great Australian Royalty which will help pay for future exploration, Mt. Colin sale plus possible extensions/residual processing to White Dam plus exploration at numerous prospects.
News from the US (housing starts and jobless) has surprised on the upside and China appears in a position to ease its banking sector. So that's good, obviously Europe has its problems though that pessimism has been bandied around for months.
Anyway, with that cash backing, selling of EXS smells to me of capitulation or desperation. Who knows when positive vibes will happen again but, rest assured, one day they will.
EXS Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held
