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Xmet Inc XMTTF

Metals & Mining Gold
XMet Inc is a mining exploration company. The company engages in the exploration of its Canadian mineral properties in the provinces of Quebec and Ontario. Its property portfolio includes Grasset Property located in the northern part of the Abitibi greenstone belt, west of Matagami, Quebec; Authier Property located mainly in Poularies and Privat townships in the western Abitibi Region of Quebec and the Blackflake Property.


GREY:XMTTF - Post by User

Xmet Inc
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Post by jRtrader1on Jul 05, 2011 9:28am
875 Views
Post# 18795721

Don't Understand

Don't UnderstandJust started reading about this stock a few days ago and i don't understand why a stock which has no debt, FD shares of only 80 million with a resource of 525,000 ounces (which will be added to with a decent drill program of 13000 meters this year.) can be trading sooo low of SP.. is the gold that deep? or is this deposit likely not mine-able for some resason? Why such a low situ given to the resource?
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities