Expected recovery of 56600 ounces from 204000 tonnes of ore @9.4 g/tonne.
Best to read announcement dated 16th Feb to get all details. ]
As US dollar is coming under further pressure, gold will rise further. Generally a $100 increase in gold price means an extra 5.6 million profit, as costs remain the same. Exploration upside all in favour of EXC. Obviously in a well endowed high grade zone. If gold doubles in price as many predict, the profits and project payback times will be off the sheet to the tune of over a 100 million dollars and a few months. DYOR.
EXC Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
