potential 10 - baggers, page-17

I agree FunctiOn,
EXM has always been ramped up on HC as long as I have been looking. The main problem is that there are truck loads of the shares.... trillions... well almost (1560m+). That limits the upside in the sp. Then add another trillion shares in a spp to fund the plant capex, the upside on the sp is limited with the excessive dilution.
ERM is a better option, they have there own plant, cash in the bank, far fewer shares (184m), good management, 1m+ oz resource etc. IMHO there is more upside here with their transition to junior gold minor. My multibagger pick for a specie gold (and uranium!!) explorer is ORP (not EXM) although the impending spp will dilute current holders a bit, currently 234m shares. Yet to be re-rated by the market.

Disclosure I hold both ERM and ORP
DYOR