I trust that the reason for buying such small lots is because they don't want to be accused of manipulating the share price by bidding for larger quantities. That's probably too much trust, but ....
They really have to drill at OU during this summer, even though govt approval for the purchase from Temujin may take a few months. Well worth the small risk I would've thought.
If we can get a resource similar to the others shown in the announcement's map (ie. at least ~ 200 mil tonnes) that presumably would give us at least 2 mil tonnes of contained copper equivalent (@ 1% grade).
Having only drilled a few holes, and with 40 sq kms to explore, and with the goodies near surface so far, and with nearby rail na Chinese market, the potential looks very good. Be nice to see the SP reflect that.
Let's get the elections out of the way and OT shipping and then see how we go.
GL
XAM Price at posting:
10.0¢ Sentiment: LT Buy Disclosure: Held
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