EXU (ASX) Ann: Initial Mace Resource Estimate

Originally posted by pints ↑

I have the feeling that the way things are developing around the globe that gold will be a standout performer over the years ahead.

Yes, the market is in a strange place for juniors atm. To see this stock at current levels is disappointing.

Nevertheless, I am certain that there will be much more easy to mine gold at Mace and +100,000oz is certainly out f the question as time progresses. Mining cots could be as little as $300-400/oz and with gold at AU$1700 a profit of $1300-1400/oz would be spectacular!

I am not concerned at the current sp as time will see this many multiples of this level. Fantastic buying atm.

The RMS hostile bid has been a huge drag on EXU and an unnecessary and costly diversion at a very important time in the Company's progress.

Once the RMS deal is extinguished and the ALK investment approved, the Company is certain to proceed at full tilt to drill to increase it's reserves and I have no doubt will exceed 1m oz's. A8 will also be a focus and it will be very interesting to see how good this area is.

So, the way forward, to state the obvious, is: RMS deal off the table; ALK investment approved; BFS completed; Cash in the bank to facilitate extensive drilling of Mace and A8;infill drilling of Tampia deposit and; inexpensive mining of Mace during 2019.

I think shareholders can confidently look forward to 2019 which will most certainly be one where shareholders will be reaping rewards for their patience. So it's onward and upward from this current low base.

Golden times ahead!

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i have not really followed this Co, only looking in every now again and met the guys at Noosa. But what now really interests me is the whole drilling campaigns - how many RC vs diamond in Tampa - was there any such biases - obviously not as bad but was there one or none - did the same drill Co, rig and crew drill both Tampa and Mace??? - the stats should show all this up so i assume Tampa ok, but i would be relooking hard - it matters not for Tampa in many ways becuase it leaves upside in ozs - BUT any future drilling of these type of deposits the Co MUST show they have solved their RC bias problem!!!!!! ie recent expl drilling etc etc

i have not really followed this Co, only looking in every now...