The results point to something special at depth, not to mention the high grade shallow open pit resource. We will get rerated when the new Jorc resources come out, should point to better confidence with copper gold grades.
Resources point towards a modest initial open pit development. There are plenty of things to tick off, but hopefully the Mongolian government can organise indigenous energy supplies and transport options for the mining industry.
XAM Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
