I agree that we should be cautious regarding estimates ...but keeping thinks in perspective:
- Our current MC is only 20M,
- An initial estimate of 30 to 80MT from Milo
- Two more good drill results since then.
- Results for the next lot of 5-7 due any day.
- Drilling follows the magnetic anomaly surveyed after the first drill results.
- Estimate in the hundreds of MT not out of the question.
- EXS Sold their [email protected]%Cu resource for 175M to Xtrata last month ...compared to our miserly Market Cap of 20M.
- Two other JV's on the go.
- Other prospective tenements such as tiger being explored.
- Fully funded for exploration this year.
http://www.hotcopper.com.au/announcementFiles/2011%5CEXS%5C32517ff9-ff34-4c89-9245-8e687d7f7138-EXS538268.pdf
Topped up again this AM, ...now fully loaded.
GL all.
John S.
I agree that we should be cautious regarding estimates ...but...
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