Six months back MA talked about the feasibility study being "imminent", "by the end of the year" etc, and we're still waiting.
On the plus side money is coming in from White Dam. A key thing to note there is that Polymetals is the operator. I think EXS are quite happy mining and leaving the prod'n to experienced operators, which makes me wonder whether the delay is through trying to get a deal with the X-men.
That would be a great outcome for financial reasons but also the X-men are obviously proven operators.
I hold as I think this company can get seriously re-rated in time: but it'd be nice to get some Cu out there before the boom ends!
EXS Price at posting:
58.0¢ Sentiment: LT Buy Disclosure: Held
