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Wow. Ask a question on Thursday, have an answer from the CEO on Saturday morning. Thanks Al and Yale.
I think Cali Joe’s questions are good, and I don’t think they were critical of the company. Yale explains perfectly that developing a mine, for operation or sale, takes time to correctly and legally prepare. Caspiche is in a great area, if you look at nearby mines. Exeter could conceivably make a double if sold. Extorre, being the smaller spin-off, is probably better for longer-term upside potential. Both companies are well-run and have good assets. I haven’t checked the fundamentals or technicals since October, but each has come off in price a bit since then.
HI John W,
What a surprise to hear Yale answering the questions I raised yesterday.. and thanks for bringing him on your show during the wee hours on Sat. Always love hearing Yale what he has to say about Exeter, he’s very articulate and honest in my opinion. I believe in Exeter’s story and think one day it will be taken out – to everyone’s surprise that is. Its not just a gold story but an interesting copper discovery too. I often travel to Asia pacific region, and the sheer amount of people, and resources these people have at their disposal – you wonder how long the humanity is going to continue with “flight to luxury” lifestyle, and where its going to come from?
As for stock price of Exeter, I think the lack of sufficient newsflow and the overall downtrend among juniors – is probably the reason its stock is deflated..at least in my opinion. When management makes a decision – hey, too long enough – its time to sell the project – are they going to reach out to the companies they have “confidentiality agreement” with? It will be interesting to watch.
Loved how Yell patiently answered all questions, and that’s why I believe in Exeter. I’m in a wait mode as for my position with Exeter.
Would appreciate your thoughts on the pros and cons of high insider ownership of Copper Fox Metals (CUU-TSX).
I used to follow Copper Fox fairly closely and have not even looked at it for probably 2 – 3 years so I am not a good person to ask.
I would suggest that you call the company.
Have a look at XRC two year chart. What a RIDE from $8.50 to $2.50 ! LOL By this time next year I expect $0.50 good luck ! (or…..good miracle ?)
I would love to get a bit more info on your 50c prediction XRC – that equates to a market cap of $44m.
As at 1st March they have $68m in the bank, have 26moz 2p. Ok, we we just take the oxide layer they still have about 5m oz.
XRA has the proven resource, ample cash and, in my opinion, the best management team among the juniors. I truly believe that those who are patient will be handsomely rewarded in the coming years. I think that for those who are dreaming and counting their money and what they are going to do with it, you need to look at the infrastructure that needs to be set up to get a project like this into production – water, electricity, fuel, housing, equipment, environmental concerns to name a few. XRA and XG are among the most promising. Yale Simpson has a lot to do with this.
Afternoon Jed, Art, Hemal and others,
IRC closed Friday at $2.99. It has recently been an interesting ride.
I own XRC in the Encompass Fund and I am not at all worried. I may buy more XRC at this point and if I do I will give my usual 3 day notice.
Are you planning to hold Exeter till the buyout? Being invested in a fund, I would assume so. I think the trend for juniors will reverse soon. The following article reassures what you have been discussing past couple of days, and it came out today.
Anyone read this piece of information today?
perhaps you should not comment on CUU unless you are willing to get your facts straight,down right unproffesional