Ann: Drilling Identifies New Gold Zones at Lake Rebecca, page-3

Posted following earlier this year, and potential of this stock has only improved when updates in bold considered. Yes, some market recognition and positive movement today, but I am still optimistic there is potential for further gains:

This stock keeps ticking boxes for me and as per previous post. I remain encouraged by:

- Extensive exploration activity already announced for Q1 should generate positive newsflow - good results today and more to come shortly

- Rebecca and Jennifer already proven to be high potential resource with strong grades and extensions
- Muliti rig drilling program being prepared for Q2, highlights Director confidence

- Previously announced new strong intercepts associated with the recently discovered ‘Laura Lode’ mineralisation

- Returns and in specie distribution from west africa now confirmed, increasing share value once factored into price - estimate 4c per share based on 1 for 2 distribution, given EXR price today

- Coite Devoire has strong prospects through EXR with proven ground already, and new exploration activity currently underway- great results recently reported by EXR

- Yindi another possible minable gold resource

- Louisa emerging as good nickel prospect

- Directors converting options (albeit at low prices) but continues to be a tightly held stock

- AOP is clearly not a one trick pony and has cash to cover activity in Q2 as being managed prudently - still 6.3 milllon cash

With cash backing and in announced in specie distribution, today's price still looks discounted to me. What do others think?