GREY:XMTTF - Post by User
Post by
juststocks500on May 23, 2014 10:55am
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Post# 22591992
2 Sides to the coin parting ways
2 Sides to the coin parting waysLooks like both sides agree as to what "the sides" actually look like.
This is either A) a complete flop of what is now Blackflake East or B) great results at Blackflake East.
Considering the financials: Looks like MEK has enough money to pursue their goal which doesn't really include graphite other than perhaps to leverage it for something else. XME is definately looking at developing the graphite option with a view to preparing a sound business case for mine developpment to whomever is ready to take it on. XME raised enough money to prove what they have on Blackflake East. They also have enough to fulfil Year 1 commitments to Blakeflake West. I beleive they could still drill a few more holes on Blakckflake East as well.
XME has viewed the cores and have been able to match the science to visuals. Obviously, in doing this JV move with MEK, there is every reason to believe they thoroughly loved the visuals they got from their cores.
Given my connection isn't so hot, I'll continue in another post.