xs platinum update. i wonder when or if this xs platinum will...

xs platinum update. i wonder when or if this xs platinum will become a publicly listed company?. i hope they do a proper asx release/update not hidden on the website like it is



XS Platinum

Charter Pacific is a seed shareholder in XS Platinum Inc, a producing platinum mine in Alaska.

The platinum mine is located at Platinum Creek on Goodnews Bay in Alaska and was established to mine tailings from a successful 1930?s to 1960?s platinum mining operation.

The 2009 mining operation worked to prove up the quality and quantity of recoverable platinum which met expectations.

The 2010 mining season proved to be successful with the reconfiguration of the extraction plant to accommodate the first phase of up to date extraction equipment to significantly improve recoveries above those achieved in the 2009 mining season.

The recovery of platinum is expected to be approximately 30,000 ounces per season from each plant assembled from 2011 onwards. It is expected that up to 4 plants will be operational by 2013 producing approximately 120,000 ounces of platinum per year.

Platinum prices have steadily increased from $1,200 per ounce in September 2009 to over $1,900 per ounce by August 2011.


http://www.charpac.com.au/wp-content/uploads/2011/08/A-Town-Called-Platinum-Chapter-12.pdf