Fundamental & Technical Analysis - Extract Resrouces (EXT) (1 Viewer)

[Cyph]

EXT currently producing 45 000 ounces of gold pa... about to start drilling, or drilling results are due from their Uranium mine situated smack back inbetween RIO's Rossing mine which produces 8% of the world's Uranium and Paladin's Langer Heinrich mine which is estimated to have a mine life of 17 years, with Paladin having a market capitalisation over $1 billion with production yet to start.

Currently at about 12c, but cash flow from gold production minimises downside if drilling results are no good... but, I like the chances of a tennent situated smack back in the middle of two major mines.. more so than some remote mine in the middle of nowhere next to no nearby mines.

Technically, it's broken resistance with huge supporting volume.

PS. I hold.

 

[Omnidragon]

I need to thank vermante for bringing this to my attention last yr.

 

[Cyph]

you been holding? if so, well done!

Have a look at OMC.

Btw, got any silver stocks that are worth having a look at? Something like the WPL of silver

 

[Cyph]

Its gold production costs $650/oz... it's $100 million market cap is a fucking joke at those costs, so I no longer hold.

Much better value in OMC who are soon to be PRODUCING and have a market cap under $100 million... go figure!