Yeah nothing wrong with this company very good explorers making a genuine large scale discovery here.
The question I have is what is the end game are they drilling up a monster resource to sell? are they looking to produce? are they angling for a J/V if so why haven't they brought in a partner yet?
If they are planning to bring this to production themselves that would scare me it will take uber amounts of money to measure it with drilling and uber amounts of capex to start, drilling out a JORC for sale or a J/V much more realistic approach.
So whats the end game here and how long to achieve it any idea?? thats the big question for me, exploration wise they are doing the business.
XAM Price at posting:
22.0¢ Sentiment: None Disclosure: Not Held
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