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EXETER (XRC/XRA) 22 mio. OZ GOLD, CASH, NO DEPT
The new resource contains 1.36 billion tonnes in the measured and indicated categories containing 22 million ounces of gold, 6093 million pounds copper and 49 million ounces of silver. A further 286 million tonnes is in the inferred category containing 2.85 million ounces of gold, 1281 million pounds copper and 8.18 million ounces silver. The company claims to have some 56 mio. cash and no depts. The market cap seems to be unbelievalble low at the current share price of some 1,20 CAD investors can get 30 mio. OZ Gold equivalent for up to 50 mio. CAD. In my opinion the stock is maybe the most undervalued gold explorer stock of any public listed companies. Thank you for your comments.
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