EXU 0.00% 17.0¢ explaurum limited

Very exciting results, shallow and easy to mine imply a rapid...

  1. 20 Posts.
    lightbulb Created with Sketch. 10
    Very exciting results, shallow and easy to mine imply a rapid and low cost functionality to repay debt. Should generate circa $50m to the bottom line and assist in retiring debt much earlier which should also be leverage in ongoing financing discussions for management.

    The way the supergene has likely drained from the Tampia primary zone, it's unlikely to go for more than a few km's but hopefully they can continue to intersect similar grades for at least another 500m.

    Let's just be cautious using 5.17gpt in calculations as this is an "uncut" grade. No geostatistics have been applied, so it's more likely to be around 4gpt. Still a very lucrative addition.
 
watchlist Created with Sketch. Add EXU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.