Why is XT a good pickJust a little recap here.
Great share and capital structure
11.7 million shares issued and outstanding
3.94 million shares held by insiders
5,000,000 units were issued at at a price of $1.00 per unit
Capital/Liquidity as of Sept 30
$4.3 million cash, investments and marketable securities. Please note BWN investment has appreciated since Sept 30
Debt
None
Activities
On September 9th, the department of the Quebec Natural Resources officially approved X-Terra and Brownstone’s licenses application for a total of 157,570 hectares. This exploration project has been named Trois-Pistoles and is shared on a ratio 50%-50% with Brownstone Ventures. The total land package in Quebec represents 317,561 hectares (3,175 sq.km). A total of 5,543 km airborne magnetic survey on the Rimouski, Rimouski North and Shawinigan projects in the St-Laurent Lowlands was also recently completed as well as a 3-week field exploration program.
Trois-Pistoles property (8 permits)
The Company with its partner Brownstone Ventures Inc. have acquired 157,570 hectares of additional land in the St-Laurent Lowlands between Rimouski and Riviere-du-Loup. An airborne magnetic survey flew over the Trois-Pistoles project by the Quebec Natural Resources department should be available to the public in the coming weeks and will be useful to plan our 2011 exploration program and budget.
The Players
Have a look at the BOD and relationships to BWN, PNP, FLX
IMO this is a sleeping giant just waiting for the catalyst for take off. XT needs 1.50 plus to get the 5 million purchase warrants in the money so this is a better funding option than a low P.P and there is no need to raise capital given the companies working capital position.
Poised for growth if you ask me.