Exeter Resource Corporation T.XRC

Good news today... Maybe 2-3 years too late

[dsark]

It's going to cost $250M to build the oxide deposit.  The only problem is how is a junior with 50-60 cent share price & a market cap of 45-50 million going to raise that kind of dough?

While this is good, it took management too long to figure out no one wants to spend $4 billion to build a mine.

[Bulllion]

The exeter burn rate is way to high. More then half the bought deal cash is gone and now they want to do a reasonable project?? That and the Marigunga area being critical as far as water rights go,.. and on top of all that, legal problems brewing with adjacent claims that do not want tailings and dumps on thier prospective ground means this will no go ahead as planned. Too little to late in my