EXS 0.00% 26.0¢ exco resources limited

Ann: Exploration Update - Cloncurry Project , page-5

  1. 1,082 Posts.
    http://www.proactiveinvestors.co.uk/companies/news/38605/exco-resources-intersects-169-copper-at-cloncurry-generates-new-targets-38605.html

    GL will use this latest announcement to attract some interest from brokers.

    Cash and existing resources total the following (and this is being conservative):

    cash 16.4c per share
    Great Australia royalty 7c per share
    Mt Colin 5c per share
    Kangaroo Rat 2.5c per share
    Vertigo 1.5c per share
    TOTAL 32.4c per share

    So with existing tangible assets of 32.4c per share that have either been monetised or will be monetised in the not too distant future, how can you not be interested in the potential of this company to find the next CCP for a paltry 21c per share??
 
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