Saltpetie. I assure you that your memory serves you well in relation to your question marks although I wouldn’t call the run up to 30c pumping.
That run up is precisely why XAM needs to list in Toronto. The run to 30c was driven by North American investors who made a belated discovery of reports on Kharmagtai.
Your prudent comments recognise that it is not beyond the realms of possibility that Kharmagtai could become a tier 1 deposit and many around the globe will agree. It appears that North American investors will place more value on that possibility so a listing on the TSX should bring a rerating independent of the drill bit.
Aussies would be well advised to question why.
XAM Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
(20min delay)