The grades are good, some really good, and there are some nice long intersections.
Further drilling during Summer will give us an idea on just how much we've got, but this thing could be very special.
For a company with a $8m mkt cap (and $6m in the bank) this should be a real game changer. But we don't want a pump and dump thanks. A nice long build will do nicely.
Prove and sell. And with that in mind, see the following from 'High Grade' today:
"MONGOLIAN-focused investment bank ResCap has predicted an increase in demand for Mongolian mining stocks in the back end of this year. The forecast, which would mean a reversal of market trends over the past 12 months, is based on the cumulative effect of recent statements from Turquoise Hill regarding a pending $US4 billion financing, renewed commitment to Mongolia from other large mining groups, and the promise of a clearer overall investment environment."
Good luck all.
XAM Price at posting:
5.0¢ Sentiment: LT Buy Disclosure: Held
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