Results from Red Mountain (so far) always seem to be in the, "Well, maybe", category. There's clearly mineralisation there, but nothing remotely economic so far... If we're lucky There's a big fat ore body waiting to be found at depth. If we're not lucky it'll just be more patchy intrusions, just enough to encourage more drilling but nothing viable for mining.
Karmagtai is the main game here. Currently I'm assigning zero value to Red Mountain, hopefully that will change!
XAM Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
