iva and expoloration ground --- franked or not, page-9

Hi wolverine,

I agree with you that EXS must have quite a few franking credits on its sleeve from the CCP.

And if they do not have enough then the dividend could be partly franked.

Or they can, once the franking credits have been used, do a share buy back.

All of this is straight forward and rewarding for us shareholders, and I am sure that MA will do what would be the best and most tax effective outcome for us shareholders.

What I do NOT understand is the very fact that with a Cash backing of 62 cts , we can have a shareprice of 66 cts.

I have been in the market for close to 15 years , but never have seen such a disparity between asset value and shareprice value.

The shareprice of 66 ct gives us a Mcap of $15 Million for the Company after the CCP sale.

So EXS with a Mcap of $15 Million has:

* white dam goldmine revenues and exploration upside
* Ongoing royalties of $30 Million over 4 years
* First class exploration dirt 2400km2
* Experienced management team with track record

So who is missing something?

I do not think its me.

good luck to all

jojo