With the new shares issued XAM has a market cap of just over A$53m. With the US$35M JV funds & the additional capital Zijin just pumped in to get to ~19.5% XAM currently has more cash than it's market cap by over A$5M... and thats if you assign zero value to Karmagtai and Red Mountain. How much longer can this fly under the radar?!
XAM Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
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