XAM 1.67% 5.9¢ xanadu mines ltd

Ann: Kharmagtai Mineral Resource Estimate Update, page-2

  1. 1,220 Posts.
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    Solid, but not earth shattering. The 25% increase in the high grade is definitely the key news here. The assumed gold price of US $1400 for the CuEq calculation is reassuring conservative. The results for the three remaining deep holes plus the exploration plan for Red Mountain are still pending. I'm sure they'll be working hard to keep the flow of news going until the PFS in Q3... it's hard to keep the market interested whilst all the studies are being prepped.
 
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