Unfortunately XAM is doing a textbook Lassonde curve. They're trying to keep the discovery excitement going, but we're in the pre PFS period where it's all preparing reports, studies and planning. Thankfully we don't need to sweat over funding, but the short term investors will take their cash elsewhere until development starts ramping up. Unless the deep drilling or Red Mountain gets some exciting hits It could be a slow couple of quarters SP wise.
Ann: Investor Presentation - February 2024, page-6
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