Hi guys,
Thought we should focus on the fundamentals again and these were some of my thoughts a little while back. Firstly we have past historic drill results of:
12,883 G/T Au not a misprint
32m @ 670g/t Au
20m @ 333g/t Au
6.7m @ 833g/t Au
36m @ 210g/t Au
A current resource estimate of 500,000+ ounces of high grade gold:
Juno - 321,415 ounces of gold @ 10.5g/t indicated
M10 - 92,296 ounces of gold @ 5 g/t, inferred
Nobles Nob - 17,904 ounces of gold @ 3.2g/t inferred
Total 532,244 ounce of gold @ 7.12 g/t
Also EXM did spent nine months preparing for this drilling campaign to maximize results and if they find anything like the above then it really will be blue skies. If you also take the time to listen to boardroom radio EXM is trying to increase their 500,000+ resource by another 2 million ounces.
In addition to this Fatguts rightly pointed out that the past mining had a cut off grade of 7 g/t. Which also means there must be a lot of high grade gold left behind. Hate to sound rampy but with results due soon if you can find another gold explorer trading at these cheap levels with this much potential upside then please let me know as I will be buying it up huge. Good luck to all holders.
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