I suggest anyone who can afford to put these in the bottom drawer does. Given that Xanadu started raising capital from the public only five years ago, the acceleration is already very healthy. Sure, it looks a bit slow compared to AKM, HUN, and now GUF, but I have little doubt the momentum will pick up. There is just too much going for it not to.
1.A reliable and broadly experienced management who are jumps ahead of anyone turning up in Mongolia today. 2 At least 3 year's worth of cash for serious acquisition and exploration. 3 A 50/50 joint venture with a cashed up and proven downstream integrator. 4. Most exciting of all, a mining province that is only beginning to open up, a chocolate box of projects there for the choosing, and Xanadu and their JV partner have had a number of years to check out the fillings.
XAM Price at posting:
61.5¢ Sentiment: Hold Disclosure: Held
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