It could be a GREAT company superox. Certainly they have tenements in the best addresses close to road & infrastructure & some 3,000k2 (as opposed to CDU's 12k2 - but look what CDU has done with that!), bags of cash & a possible business model to add value & spin off assets for S/H cap return. Theoretically we should get a return of & a return on capital which is unusual for a smallish cap junior.
It also has a great funding relationship with Barclays from the White Dam project & also with the top tier global copper players.
We shall see what happens next - like a Mt Colin upgrade & spin off, potential acquisitions & of course the Companys upcoming Target statement due in less than 4 weeks.
GL is in Clonkers this week.
Cheers M.
EXS Price at posting:
20.5¢ Sentiment: None Disclosure: Held
