EXU 0.00% 17.0¢ explaurum limited

expectations ??, page-2

  1. 2,171 Posts.
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    I would think that if they can show they are a near term producer of around 50kOz I would expect a MC closer to 20M. See SAU and maybe GME for a rough comparison?

    If they can provided a believable story for a 1 M0z project then lookout. Will need some successful with the drill bit outside the current resource for this story to have legs.

    With the recent run up in the gold price, I would expect the company to be using some higher numbers for their scoping study. Maybe this is part of the delay or is it the mets as someone mentioned earlier.
 
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