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.

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Xmet Inc

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Comment by gump132on Jul 23, 2014 2:07pm

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Post# 22774576

RE:RE:This has now become a show me story...........

I remember I did some calculations a month or so ago to figure out what a fair valuation would be (I used the market cap of ZEN as a comparison at the time). I believe it came to about $1.25 a share IF they hit hydrothermal graphite of the same quality/size as ZEN and I also took into account that XME would have a 60% interest. However, this calculation does not account for any share dilution due to the deal with MEK and any potential share dilution due to a PP to meek the contractual obligations with MEK.

So perhaps a more conservative target would be around $1 a share IF they hit the same quality/size as ZEN. We won't know for sure what a fair value would be until we first know if they have something, and then how much and what quality it is.

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