Ann: Kharmagtai Resource Grows to 1.1 Billion Tonnes, page-32

We closed at 3c on TSX, and looks to be opening at that level on ASX, despite 2.7c close.

WIth recent Great Bear Resources takeover of a pre Resource project for US$1.4bn...think large Resource projects are getting better understood on TSX and will be re-rated. Interestingly contingent consideration is payable if project has 8.5Moz Measured + Indicated...

XAM has 3Mt Cu & 8Moz Au Indicated + Inferred - so looking we have a much larger project here and if so a big valuation gap to make up for.

Would be good if TSX listing starts driving ASX listing over time.