Good New keeps coming, strneghten postion and hold as this exciting stock finally comes to play
EXG – Excelsior Gold Limited (Analyst: Kurt Worden, Mike Harrowell)
Success at Kalgoorlie North puts company on the radar
EXG has increased its resource base from 366koz to 869koz at its Kalgoorlie North Project, at a minimal cost to shareholders, BBY expects this discovery momentum to continue.
EXG has the potential to re-rate when the PFS is announced in June Quarter 2013, providing first guidance on development options and costs.
Chinese miner Zijin is establishing a footprint in the Kalgoorlie region by aquiring Norton Goldfeilds, adjacent to EXG’s ground.
EXG management has 50+ years experience in the Eastern Goldfields, much of it gained in the region northwest of Kalgoorlie.
BBY MONITORS EXG
EXG’s catalyst is a resource update, metallurgical test work results, mining contractor tenders, exploration success, PFS release in June Quarter 2013. Overall the company holds strong growth potential.
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