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Xmet Inc XMTTF

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

Bullboard Posts
Post by juststocks500on Jun 26, 2014 5:46pm
176 Views
Post# 22698485

beancount and thisisit

beancount and thisisitNot what I'm saying. Been here since Dec, followed the story and read everything interesting I found on XME as well as everything of value many had posted here. knew MEK owned the West and drilling the East because they drilled the East is not exactly an argument; unless you mean "because they could" which is exactly the stupidity I'm alluding to. Although unsure, I believe MEK found their anomaly after XME found theirs.

The point is this. If you say you believe in science and are looking for ZEN-like targets for  hydrothermal graphite, then surely you'd be looking for identical target features and EM responses. Yet none of their targets even came close to looking like an all-channel ZEN like target MEK (later found). By stating that they are looking for what ZEN had and deliberately overlook or down-play the disimilarities of their Eastern list of targets, they lead investors to believe that it wasn't necessary to have exact copies of these anomalies and target features in order to drill for graphite. Close-enough EM anomalies were good enough. I believed them. And we all know how that turned out.

Now that they stress that the West target has basically all the same target features AND corresponding EM responses ZEN had, they may indeed claim they have better chances at hitting the hydrothermal graphite. Unless something else is missing and they're not disclosing.

So if that's what they really were supposed to look for in terms of ZEN like targets, then there was never any justification to drilling East for graphite. Eastern list of anomalies are just that: anomalies. If they can make grand disclosures as to why West is so much better, then they knew they really had nothing to begin with in the East. By that I mean hydrothermal graphite.

Sorry, just not drinking the cool aid as fast this time. West "looks" better. Agreed. that's all.

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