Coaches call
EXM will also be a beneficiary of a possible area play that is developing in Chihuahua, as significant exploration projects operated by other companies begin to bear fruit. I would classify Yale Resources (V.YLL) as pick 2b, since they are a JV partner of EXMIN and hence either company is an option for the exposure to discovery in Chihuahua. My target price for EXM is $1.75 in 2007, and $0.75 for YLL.
This of coarse does not include anything from Zacataces or Carol!