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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Veteran98 who wrote (210213)	1/31/2012 12:14:26 PM
From: ayeyou	Read Replies (1) \| Respond to of 313059

XRC is elephant deposit for sure.If it wasnt for all the unrest in Chile lately I believe this deposit would be in the hands of a major already. I doubt if XRC will still hold this property in 2013 . Barrick is already there and most likely suitor on Caspiche. VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/17/12 -- Exeter Resource Corporation (NYSE Amex:XRA) (TSX:XRC) (FRANKFURT:EXB) ("Exeter" or the "Company") is pleased to announce that the Prefeasibility Study for its Caspiche Project in northern Chile has returned a pre-tax Net Present Value (5% discount), calculated from the time of commencement of the project, of US$ 2,800 million and average operating costs of US$ 606 per ounce gold equivalent1. The gold production cost drops to US$ 18 per ounce when copper and silver by-product credits are considered. The study predicts an average annual production over the nineteen year mine life of 696,000 ounces gold, 244 million pounds of copper and 844,000 ounces silver. Overall copper recovery is 85.6% and gold recovery 67.6%. A National Instrument 43-101 compliant technical report covering the Prefeasibility Study has been filed and can be viewed at www.SEDAR.com and on the Company website.