Attended general meeting today-all resolutions passed.
Highlights-co getting ready to roadshow serious coal analyst in the east in 2-3 weeks.
Resource is getting more and more substantial and is becoming more surprising
Building experienced team with canadian coal experience around gene
Coalspur may be 1/2 to 3/4 the size of hinton resource.
No timeframe for production yet or amount of production per annum-too early
Scoping study is looking at 10m tonnes per annum
Chairman-middlemas is very certain this co is undervalue.only valued at 20c per tonne for current resource,where other co are valued for similar quality coal at 50 to 80c p/tonne
They have a resource,good quality coal,open cut and quality infrastructure.
I personally believe that the next month the news flow will see these shares fly.
Good luck to holder and newcomers.
XEN
xenolith resources limited
Attended general meeting today-all resolutions...
Add to My Watchlist
What is My Watchlist?