"The plain bottom line about gold mining is that if a deposit cannot be mined at a profit it doesn't matter whether it's in Chile, China or Congo and it doesn't matter if it is 1m oz or 100m oz gold contained. It's worth nothing. Zero, zip, squat, nada, nothing. As regards XRC, Yale Simpson's opinion is that (and I quote the NR) "...the current depressed share price does not reflect the potential future value of the Caspiche deposit..." and he would say that, wouldn't he? But it's an opinion, not some sort of objective truth so let's throw in another opinion to get a bit of balance. My opinion is that XRC has $61m in cash and a market cap of $155.3m today, which means it's still overvalued by around $94.3m."
Wendell Zerb, Canaccord Genuity (1/18/12) "Exeter Resource Corp. has released the prefeasibility study for its 100%-owned Caspiche Au-Cu-Ag project, with results as expected. We maintain our Speculative Buy rating and 12-month CA$9.35 target price. . .Exeter's Caspiche deposit remains one of the most significant new Au-Cu-Ag discoveries in the last decade; located in the Maricunga belt in Chile and adjacent to Barrick's Cerro Casale and Kinross' Maricunga (Refugio) deposits, Caspiche is well located as this prolific district expands. . .we continue to value Exeter on metrics related to it ultimately being acquired."