Junior Exploration Universe 2Q09

CHRIS THOMPSON, Haywood Securities (05/04/2009)
"Exeter posted a good performance on a 90-day basis, outperforming all indices and gold.

Exeter will have adequate funds to sustain itself for 12 months—not reported in the company's financials—based on a recently closed $29 million equity financing.

With more than $40 million in the treasury (bolstered by the closing of a $29 million financing in February 2009), Exeter is adequately financed to fund exploration expenditures at Caspiche and the Cerro Moro gold project in Argentina. Exeter weathered much of the H2/08 storm, performing well against the Haywood Junior Exploration Index (HJEI), precious metals control group (HJPI), and the gold price on a TTM basis and has outperformed the HJEI and HJPI on a 90-day basis."

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