prop is back, page-5

I have been busy accumulating this one for about a month now.

I am taking a 3 month view .... lets see if EXM will pay for christmas this year like JMSO and MMB paid for Christmas last year.

Sometimes it is an idea to look outside the companys presentations and see what is happening right in front of your eyes.

There is an obvious capper sitting there slowly pushing the market down and presumably picking off the sellers on the buy side. Thanks Mr Capper you are saving me money as I buy more.

Taking a 3 month view we know the following:

1) The existing gold reserves are there and are real

2) A drilling campaign is about to start on the best of the tennements.

3) EXM has about $3.3mn in cash on the balance sheet

4) From the last quarterly ....Approximately 10,000m of RC and 4,000m of diamond drilling is planned for this year.

5) This program is directed towards a resource upgrade and will cost $1.5mn ....which they have just sitting there.

6) They have appointed a Senior Exploration Geologist ...er.... just look at his job title and CV...stints with POL amongst others.

7) The new geologist also has experience in mineral sands and laterite nickel....could that be a clue ... lol.

8) Then there is the U308 story within EXM ...

What a chance a spin off and a recapitalization going forward to the end of the year.

And finally....I am down on my position in EXM and EXMO but I dont care as I am taking a 3 month view here.

If I am correct in what EXM has going for it then the several million heads and oppies I have bought and the stock I am yet to buy will produce an excellent return by christmas.

Let Mr capper do the work in bringing the price down for us ... buy EXM and look away for 3 months.

Any comments.

EB