GREY:XMTTF - Post by User
Post by
newbie880on Feb 19, 2011 5:19pm
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Post# 18165173
All of the optioned project that Xmet have.
All of the optioned project that Xmet have.Xmet has no clear title to any one project. That's why it's at 25 cents a share. Must cough up roughly another 16 million give or take to have 75% of the Duquesne-Ottoman Propert from globex mining.Right now the market cap is near 12 million with cash on the balance sheet of around 4 million, which equates to aroud 8 cents a share value. Better impress with the drill bit because their's lots of downside to this puppy. Will have to dilute around 80 million shares at 25 cents to own title to 75% of this property. And ye lads think their's upside to this puppy? Show me your calculations if u will? Don't have to be a rocket scientist to figure that one out.