I am a bit of a sucker for what I see as good geology for multiple projects and at least one reasonable JORC resource.
Awhile back you asked what could move the SP for XAM. I HOPE the latest batch of drilling for the OU oxide gold will have some effect.
It will be interesting to see how deep the oxide zone goes. Hopefully to some 30-50m at least so any future mining could produce an easy to process product that could be used to fund the main event - a large copper project. Not totally outside the realms of possibility and the drilling will give a good indication.
There do seem to be many copper prospects available to XAM and I do remember a mob called Ivanhoe sticking a hole into an IP anomaly named Far North at OT.... Game changers do happen but are rare.
The Mongolian Government has hopefully learned how sensitive mining economics (= a good part of their bottom line as well) are to sovereign risk and legislative changes. Never going to be perfect for everyone but maiming or killing the golden goose is not in too many folks interest.
There is some news flow coming up. Will be interested to see what it brings.
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