kymelle re-read this bit,
"If EXS trades for 13c (which it effectively is right now) then would you be a buyer holder or seller? Trading below its cash backing, ignoring future cashflows (WD & royalties) and advanced exploration for a negative enterprise value!?!?"
Market is saying tenements are worth minus 1c today. EXS have more cash coming in from WD & royalties which will comfortably fund 3yrs drilling without touching the cash balance.
Minus 1c.
trading analysis, page-19
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