Macrae 12 lets have a look what xen has :
340 mt JORC which from all reports could rise to 500mt + when all drill holes are reported.Thats not to mention unexplored tenements in the same region.
A coal reserve which should be easily and inexpensively mined ( open cut ).
A reserve located in the middle of a proven coal mining area where the infrastructure and labour are already available- a huge advantage.
Located in a prosperous western country ( Canada ) were no political problems will be encountered.
Surrounded by major mining companies they maybe interested in take over / joint venture
At 14c per share the JORC is valued at only 11c per tonne where similar competitors are valued at an average of 70c per tonne.
Proven management who have had success in this field before.
IM sure there are more compelling reasons to invest in XEN, but these are enough for me.
Please correct me if you think Im wrong
gmc
XEN
xenolith resources limited
