Xmet Inc XMTTF

Metals & Mining Gold Industrial Metals & Minerals

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 Dec 16, 2014 10:52am

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Post# 23235398

RE:wow

Their PEA has been delayed because they want to come up with a cost effective environmentally friendly method of extracting the graphite so they can sell to the CleanTech sector. Probably able to sell it at a higher price if they can meet their specifications (lots of people would prefer to buy products that can say all components were created using environmentally friendly techniques).

The way I see it, ZEN is doing all the leg work for a potential discovery by XME. Once ZEN has a process down, XME can higher the same company (if we hit). Zen is very oversold but I doubt it will recover in the near future. It will probably stay under $1.50 until they can announce a firm deadline for the PEA.

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