Now, we've seen three years of a down market. Time has been cruel to juniors like Exeter. But it still has the same great management, it has an interesting project in Chile (and is busy getting water for that project, always a goal in that part of Chile). That project is called Caspiche. Exeter has shifted from trying to JV/sell the entire project to just mining the oxide cap (which could produce 100,000 ounces a year) and then perhaps targeting a high-grade underground core. Caspiche holds both gold and a lot of copper. And it also has lot of cash for a junior ($38 million).
Exeter is working on things that should be a steady news stream for the rest of the year. In the past, when the market was so bearish on gold, good news was not a driver of price. One test of if we're really moving into a different stage of this gold market is if the market reacts differently to Exeter's news releases this time around.
Here is a video I filmed with Yale Simpson ...
Sorry about the sound, but the PDAC is a wee bit crowded.
And here is a weekly chart of Exeter (XRA) ...
The stock is still in a big downtrend, but MACD (momentum) has turned positive. This is not a recommendation. Do your own due diligence before buying anything.