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Exeter Resource Corporation T.XRC

"Exeter Resource Corporation was incorporated on February 10, 1984. It is an exploration and development company. It is engaged in gold deposits in the Maricunga district in Chile, Caspiche project."


TSX:XRC - Post by User

Bullboard Posts
Post by ez33on Jun 18, 2009 11:51am
485 Views
Post# 16081022

47 plus drill holes

47 plus drill holesit would be great to put out the resource estimate for cero morro so that some of the undoubtedly high grade results that are characteristic of this vein get contextualized into a growing resource base.. But at the rate the company is drilling holes down there the upcoming resource estimate is going to be so obsolete by the time it is released the market will start second guessing managements organizational capacity... I mean the cero morro resources estimate was supposed to come out in april then before the end of the second quarter and now early in the third quarter.. Were the independent geologists conservative estimates so low management deferred the release until further drill holes could be added into the mix...I don't know and the market doesn't know either. The funds have to make decisions on the prospects of this company by the end of this quarter... what do you think they are going to do if the mickey mouse presentation of the companies results continues...it is time to throw the dogs a bone and quickly... There are 47 plus drill holes in the tank and more are on the way aren't there.......and what about the kilometer plus extension of the vein onto the formicruz acquisition.... pulling a good hole from that area would make the cero morro resource estimate moot ....


Bullboard Posts