XAM 7.14% 6.0¢ xanadu mines ltd

Ann: EGM Presentations & Slides, page-13

  1. 2,398 Posts.
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    undervalued on gold alone. but being a copper/gold porphyry play best to factor the copper in
    https://hotcopper.com.au/data/attachments/2599/2599104-295a9ce9488502ef774dc0a5b4043d04.jpg
    At Colin Moorhead's goal of 1Bt at 0.5% Cu Eq that would give a resource value of $33.93 Billion USD at todays Cu price of $6787.30USD

    assuming a 76.5% owner ship and an exchange rate of 0.71

    - Thats give a value of $36.56b AUD
    - Current resource $21.20b AUD

    either way you look at it XAM with an enterprise value of roughly $32m is nothing for the monster resource that is only getting bigger.

    23,000meters of assays to come.... The market will wake to this sleeping giant sooner or later.

    BTW currently trading below CR price of 4.5cwink.png
 
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