EXC (ASX) Ann: High Grade Gold Results Identified at Grass Flat-EXC.AX

Originally posted by supermajor ↑

Looking forward to hearing they have commenced lithium exploration as per Quarterly in early May. Amazing that SYA blasted from 2 cents to .078 and over 40 million MC in a couple of weeks on an announcement that they commenced lithium exploration. Interesting that they had only just applied for the ground and is still 6 months or so away from even being granted. On top of that they are well overdue for a CR as they must be just about out of cash . In spite of this, they are still sitting at over 25 million MC today with nothing more than a very mediocre graphite deposit that has been shelved and drill results pending from a European graphite interest that they acquired along the way. By comparison, here we are with granted ground about to be explored that already has proven presence of lithium and cash in the bank and 11.5 million MC. If we completely ignored EXC's the robust gold assets, even though one about to go into fully funded Production, which will be a fantastic revenue generator for EXC even at the discounted gold price, it's hard to see why a MC closer to SYA's isn't justified just on the lithium exposure? If that logic stands true, this rerate has only just begun.

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...here we are with granted ground about to be explored that already has proven presence of lithium and cash in the bank and 11.5 million MC. If we completely ignored EXC's the robust gold assets, even though one about to go into fully funded Production, which will be a fantastic revenue generator for EXC even at the discounted gold price, it's hard to see why a MC closer to SYA's isn't justified just on the lithium exposure? If that logic stands true, this rerate has only just begun...

Totally agree Supermajor - our MC has quite a way to go - love the pending goldmine and gold prospects - but lithium wise, love we have pre-existing core-samples - just waiting on the ground to be assayed for lithium. This makes our lithium timeline ahead SYA, and most junior lit explorers - and still only 5c a share. But on the gold-front alone - we should also be higher than 5c.

Speaking of gold - market wise, EXC has timed it's run beautifully as the price of gold continues it's rise, showing no signs of abating. Check this out from 3 days ago...

...here we are with granted ground about to be explored that...