Big Al & Cory – Great discussion on Exeter. This was a nice follow up to the conversations on Monday, and on clearing up the approach Exeter will take.

I think you both hit the nail on the head, that the marketplace simply has PERCEPTIONS formed from years ago when the focus on the high grade starter pit and the new phased strategy had not even been fully flushed out yet. Most investors are likely unaware of the high-grade zone and how they can “phase” into the project by going after that first, and then figure out the best strategy for the rest of the larger core resource (ideally, in a rising metals price environment).

The reason I posted as many comments and editorials from other investors on the Exeter blog on Monday was simply to paint the picture of how their deposit was perceived in the marketplace. It was clear based on the feedback over the last year so that most investors INCORRECTLY assumed (me included), is that they would need higher metals prices to be viable. In some small way, I hope it helped shed a little light on the perception gap in the marketplace, and will allow them to address this misconceptions to investors moving forward.

Later that evening, I went back and posted this same presentation from Wendell from Beaver Creek, because I think he does an excellent job of unpacking the investment case for Exeter and in addressing their initial approach to mining the deposit.

I remain a big fan of Exeter and have been a shareholder in the past. I’ll likely be a shareholder again in the not so distant future.

I just wanted to say thanks again guys, and point out that editorials and coverage like this is a distinct advantage for KER readers & listeners because they can position in this company before it get re-rated upwards by the rest of the marketplace.

Good stuff!

Been long on Exeter since early 2012. After being in red for several years, I’m finally in green (just a little) I hold just too many shares than I initially wanted to (450k+ shares) but oh well, I guess I can’t complain now. Perhaps it was a borderline emotional decision back then.. But it has taught me a lot – how really the junior mining investment works. I read every single Exeter article ever published, watched numerous interviews with Yale and Rob, studied Maricunga region etc etc. With that being said, I don’t believe for a hot second that Yale & Co ever wanted to build a mine there. They are in this game simply to unload Caspiche to a prospective buyer. There will come time, in my opinion, when gold starts trading north of $1500 – watch out then..

At the risk of being criticized by Big Al…..
I believe the management was lucky in getting the discovery, but hunting in elephant country is the best place to find elephants.
Since discovery they were unlucky with the turndown in commodities timing.
But, I believe, they have been milking the project for their salaries while doing what they could to further the project.
I do not believe they necessarily have the best interests of the shareholders dominant.

All of the Denver Gold Forum conference presentations are listed in the Rick Ackerman section today.

I suggest you look at insider trading Calijoe, with respect to recent trades.