I think the issue currently is that now the run in Cu has (temporarily?) stalled out, company specifics are much more important.
Rio is obviously having issues in-country which will not help, but at this stage XAM has a number of very long drill intercepts which are struggling to hit the required grades to develop a greenfield mine.
They obviously have a very large mineralized system and hopefully, in the fullness of time, they will define higher grade portions, in scale, that will ensure economic success.
I keep referencing back to a couple of Cu charts from astute geologists, in particular "The Angry Geologist" who knows her stuff:
At this stage, according to the charts above, XAM doesn't cut it ... yet.
Cheers
John
XAM Price at posting:
19.5¢ Sentiment: None Disclosure: Held
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