1.5 - 1.7c would seem to be on the cards. Could be lower unless they get their act together.
There is no doubting the land has potential.
Management is a different story. As other posters have said in the past ex banker / legal types do not typically do well in this game. Obvious exceptions are out there but progress over the last 6 months has been VERY slow despite promises and excuses.
Next few months will be telling. Could be good or bad.
The worry for me is the copper. It got a lot of coverage recently. I doubt if anyone here invested in EXM for the copper. Whilst you can justify seeing it as a positive why are they bringing it out now, rather than when they first knew about it? Clearly the first pass gold results didn't shoot the lights out....but they were not awful either.
They will be preying for better second pass results or we will all be hearing much more about copper and a sp between 1 - 1.5c.
Good luck to all.
DYOR
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