XEN xenolith resources limited

impressive coal co. is the making...accumulate

  1. 423 Posts.
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    Attended general meeting today-all resolutions passed.
    Highlights-co getting ready to roadshow serious coal analyst in the east in 2-3 weeks.
    Resource is getting more and more substantial and is becoming more surprising
    Building experienced team with canadian coal experience around gene
    Coalspur may be 1/2 to 3/4 the size of hinton resource.
    No timeframe for production yet or amount of production per annum-too early
    Scoping study is looking at 10m tonnes per annum
    Chairman-middlemas is very certain this co is undervalue.only valued at 20c per tonne for current resource,where other co are valued for similar quality coal at 50 to 80c p/tonne
    They have a resource,good quality coal,open cut and quality infrastructure.
    I personally believe that the next month the news flow will see these shares fly.
    Good luck to holder and newcomers.
 
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Currently unlisted public company.

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