look closer. fantastic news..., page-3

Well put Paulson. I had to read the announcement a couple of times for the significance to sink in. Evidence of multiple pods at Nobles Nob is great news indeed. Not quite the knockout delivery of more gold grades, and that has caused some to yawn and dismiss this announcement too quickly.

You're right Tolli, this is not one the day traders are going to get all over, but another piece of the picture that is Tennant Creek. The copper if found in sufficient quantities will be an absolute bonus, but the company states that it's still focused on the gold. It's the fact that there is a whole new dimension to Nobles Nob that they are discovering, which will in time deliver major gold upgrades with each pod of mineralization found. Maybe around a million ounces each if the size of what has been taken from the one known pod already.

It's going to take time, but looks like it will be well worth it in the long run. That's the way I've viewed it all along, but this announcement derisks the investment in EXM a whole lot further. I'm extremely excited to see how many pods of significant mineralization they will find in this area. Half of White Devil's would be fine!

Funny how if this was iron ore, all it would take is a "conceptual target" estimated from some surveys and a desktop analysis and it would send the share price flying, ala EPS, MXR & FDL. If gold was the hot commodity this sort of news with the already reported grades would have significantly rerated EXM. We'll just have to wait for that time, and from what I am hearing, it's not too far off.