"the age" on exs and copper/gold

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    Garimpiero writes in "the age" this morning on the junior copper/gold explorers,, singling out exs in paticular:

    "Copper has not had the spectacular price rise that nickel had but it is on the march, moving to a 33-month high of more than US86¢ a pound on Friday in response to strong fund buying in expectation of continued economic growth in the US and the Chinese infrastructure boom.

    That 20 per cent gain has been enough to put a rocket under both the big end of town (BHP/Rio Tinto) and the junior end, particularly those with active exploration programs. Exco Resources is one of those to benefit.

    Garimpeiro had a look at Exco a month ago. It was trading at 9.4¢ a share at the time. On Friday the stock was sitting pretty at 22¢ in response to first results from drilling at its E1 deposit at the Mount Margaret project in Queensland. It was a 29-metre intersection from a depth of 62 metres, which assayed 3.64 per cent copper with handy gold and silver values, that got the market excited. It was a nice surprise as the hole was drilled in an area previously considered to be low grade"
 
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