XTORRE (XG)

[Picassa]

The Gold Report Interview with Louis James (10/7/11) "A great example of how volatility can create opportunity and profits is Extorre Gold Mines Ltd., the spinout from Exeter Resource Corp., operating mostly in Santa Cruz, Argentina. I have been there and looked at the main asset. I have no doubt the flagship Cerro Moro project is going to be a highly profitable mine. Extorre had good exploration success there and has started getting very positive results from a second project. Based on this work, Extorre went from CAD$2 to CAD$14, so naturally we took profits along the way. . .Now, with no bad news from the company, the market correction has the stock down to CAD$7. We know more about its assets now than we did when the shares were higher, but it's selling cheaper, so it's a better value now. We don't know when things will go up and down, we just know they will. We know when they are cheap it is a good time to buy; when they are expensive, it's a good time to take profits."