Finally found some time to watch the presentation. it's all looking very positive. My takeaways are: 1) The updated MRE makes a standard open pit approach much more viable. 2) there's still plenty of exploration upside 3) Improved gold credits with favourable metallurgy. 4) New Mongolian mining legislating will significantly improve the jurisdictional risk for the project and can be expected this year. Plus the Mongolian government won't want an ownership stake following its experience with Olu Tolgai 5) The project is attractive to developers and they won't give it away cheap!
XAM Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)