XAM
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3.51% 5.5¢ xanadu mines ltd

Ann: Trading Halt, page-15

  1. FlightTime
    1,220 Posts.
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    16/11/23
    16:08
    Post #: 70944357
    They've been talking about new opportunities for a while, a new prospect would certainly be exciting.

    Red mountain definitely needs some drilling. All the surface works / trenching they've done so far looks like very narrow high grade deposits that would be hard to mine economically. Drilling would indicate if there's something more broad based at depth feeding into the narrow surface systems that might be more amenable to mining.
    XAM Price at posting: 6.7¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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