Xmet Inc XMTTF

RE:RE:RE:RE:Xmet Options 100% of Win-Win

[fleamarket]

You forgot to mention bfw.

watchmeplz wrote: When IAM optioned to be operator on Tomagold's property retail investors barely knew anything about it, few holes. Our Grasset property already has a few historic holes drilled on it as well. IAMGold knows the geology of that area very well. Geologists tend to favour areas of interest that they know well. When completing DD with a company it doesn't have to be public. IAMGold could have approached Xmet and was doing DD about there holes and in turn Xmet got into this deal with IAMGold. Everything seems to make sense if you ask me I will sum everything up below:  
1) Recent PP, arms length vendor, for Win-win property by IAM. (Basically the exchange for the Grasset operator position, plus IAM gets stake in Xmet) 2) DD done by IAM, ties up new release, hence the wait. 3) No cash in bank to drill Grasset, let IAM drill it, in exchange for operator of Win-win property (the PP possibly by IAM) 4) Xmet probably realised they will have to wait to winter to drill on Grasset, a wait IAMGold can successfully do, whereas Xmet could not wait that long for further results.  
This scenario would basically put IAMGold with Operator share of Grasset, would give them a stake of Xmet due to the PP done for the Win-Win property, also free capital requirements for Xmet to allow Xmet to have summer potential on there Win-Win property, plus Grasset potential as the non-operator during the winter. This is something that Tomagold failed on because Tomagold optioned out there only hope with IAMGold with no properties to operate on, leaving the shareprice virtually untouched even with good results because it lacks excitement. Tomagold then had to make a deal with Gold Reef recently in order to have news flow to bump shareprice and create that buzz.  
If you ask me if this actually did or does happen, this will be a true WIN-WIN for everyone with a very well played situation. If it doesn't..... well... you win KC8.  
It would be very interesting to call IAMGold tomorrow to see if they own any shares or have any vested interest in Xmet. I'm not sure if they would have to be public about that fact unless they publically announced putting up the financing to Xmet, but worth a shot.

KC8 wrote: watchmeplz - You say your bet as of now is Xmet partners with IAM who will put up the funds to drill Grasset.

You are certainly going a stretch to come up with this idea.  

Why would IAM enter this kind of agreement when they have no indication as to the drilling results?  They would be just as much in the dark as we are pertaining to those long waited results.