Updates coming from everywhere for EXS.From Fat Prophets...

Updates coming from everywhere for EXS.

From Fat Prophets today:

Key Points they highlight:
We are excited by the potential that White Dam is displaying both as a gold producing mine, but importantly for further exploration upside.

We are excited by the potential of the Cloncurry copper project, more so now that Exco is producing cash from gold sales out of White Dam.

We regard Exco Resources as an emerging junior copper company, with a side of gold production, which is travelling along the path to copper production. The exploration potential remains high and we expect to see new resources from a higher level of exploration activity going forward.

Exco will be firmly HELD in the Portfolio.



Cash from White Dam gold sales adding value
Exco Resources Ltd has been busy, with White Dam pouring its first gold in April of this year performing ahead of expectations in both gold production and sales. A gold loan over White Dam has been repaid ahead of schedule. In the meantime, near mine exploration and resource development continues at White Dam. The company continues to develop its Cloncurry copper project with the definitive feasibility study and environmental impact
statements progressing. While on the exploration front, Salebury and Tanbah are gaining momentum.

The company?s White Dam gold resource and mine continues to perform above expectations, with 40,182 ounces of gold poured from April 2010 to November 2010 (Exco?s share 30,136 ounces being 75% of production). The plant has achieved a gold production rate of 65,000 ounces per annum, which is some 30% above expectations. The processing plant is performing at lower cost rates than anticipated due to lower key reagent usage. Already, the plant is undergoing optimisation work to ensure it can handle higher rates of gold production going forward.

With ramp up of production in full swing, the company continues to develop its in-ground gold resource at White Dam. The total resource currently stands at 9.6 million tonnes of ore showing 1.05g/t gold for 325,000 ounces. Of the resource total, 5.8 million tonnes is indicated showing 1.07g/t gold and 3.8 million tonnes inferred showing 1.0g/t gold. At its White Dam prospect, indicated totals 5.8 million tonnes showing 1.07g/t gold and inferred of 1.3 million tonnes inferred, showing 0.88g/t gold. Through extensive drilling the company has been able to convert the resource at its White Dam prospect, with around 72% categorised into the high level indicated category.

The company sees continued potential at a number of its other prospects at White Dam, with drilling at Vertigo already allowing an inferred resource of 2.5 million tonnes showing 1.07g/t gold. The assay results of further in-fill drilling completed recently at Vertigo is expected
shortly. These assay results are expected to allow the company to increase both the resource tonnage and re-categories tonnage.

The company intends to explore further at White Dam, White Dam North and Ambush prospects. Samplings from a recent 4,500 metre reverse circulation drill programme of six
metre holes have identified anomalous samples at White Dam North and Ambush. These samples are currently being individually tested with assay results due shortly.

We are excited by the potential that White Dam is displaying both as a gold producing mine, but importantly for further exploration upside. We expect news flow
will remain positive in the coming months as assay results are announced and further drilling is undertaken across the White Mountain tenement.

On the copper front, the company continues to progress its major copper project at Cloncurry. The resource base is currently 61 million tonnes of ore showing 0.85% copper and 0.25% gold for 519,400 tonnes of copper and 500,000 ounces of gold. The company has been focussed on the E1 Camp deposit where a measured resource of 9.2 million tonnes of ore has been declared showing 0.87% copper and 0.25% gold for 80,000 tonnes of copper and 75,000 ounces of gold.

Additional resource definition drilling was recently completed at Mt Colin, with the best intercepts being 17 metres showing 4.6% copper and 1.34g/t gold. The data is currently being tested for inclusion in the resource estimate for the prospect.

The company is progressing work on the definitive feasibility study, with the completion of pit optimisation for the various deposits. Work has commenced on the preparation of an initial mineable reserve for the Cloncurry project.

The environmental impact statement approvals process is ongoing with the company indicating the environmental management plan (EMP) is about to be lodged with the
appropriate State Department. Approval of the EMP is a key step to establishing a mine.

We are excited by the potential of the Cloncurry copper project, more so now that Exco is producing cash from gold sales out of White Dam. This cashflow does allow a
great deal of flexibility for the company to develop Cloncurry without undue calls on its shareholders.

On the exploration front, the company is having success at its Salebury copper and gold project in Queensland. The tenement contains a strike zone of approximately 600 metres
defined by sporadic copper oxide mineralisation on the surface. Drilling so far completed by the company has intercepted mineralisation at depth, with the best being 30 metres showing 1.93% copper and 1.25g/t gold from 78 metres deep (end of hole). Follow-up drilling has
also intercepted deeper mineralisation within a 48 metre zone showing 2.18% copper, 1.97g/t gold and 619 parts per million of cobalt from 87 metres deep. A additional intercept of 20 metres showing 2.07% copper, 1.53g/t gold and 873 parts per million of cobalt from 32 metres deep has been identified. Assays from this drilling programme are expected shortly.

At Tanbah, the company?s copper, gold and cobalt project not far for Salebury, results from drilling have been positive. Better intercepts include 23 metres showing 1.52% copper, 0.75g/t gold and 206 parts per million of cobalt and 47 metres showing 0.52% copper, 0.25g/t gold and 160 parts per million of cobalt.

On corporate matters, the company was able to repay the gold loan over the White Dam project with the delivery of 7,348 ounces of gold to Barclays Capital Plc. The gold loan was repaid six months ahead of schedule. Production of gold from White Dam is now unencumbered.

Exco Resources broke out from a symmetrical triangle pattern in mid July, which resulted in a boost of upward momentum. The follow through to the upside has been spectacular to say the least, reaching an all time high of 62.5 cents on November 9. The current consolidation
in place suggests a continuation of the uptrend. A convincing break above the 62.5 cents high would initiate another leg higher. Downside support is located between the 50 ? 55 cents region.

Broader term, the bullish (golden) moving average cross in place suggests longer term momentum to favour the upside. We remain biased towards a topside break and higher levels over the medium term.

We regard Exco Resources as an emerging junior copper company, with a side of gold production, which is travelling along the path to copper production. The exploration potential remains high and we expect to see new resources from a higher level of exploration activity going forward.

Exco will be firmly HELD in the Portfolio.