Xmet Inc XMTTF

RE:RE:RE:RE:How they gonna fund the next drills?

[watchmeplz]

We're a venture company, no matter what at some point there will be dilution. Even Detour gold which has mine and mill currently mining as we speak still need to have dilution in order to clear debt up from exploration. But as long as the company is creating value by proving up the resource then dilution is fine as share price will appreciate because of the proven resource. 

However what I was suggesting, was there shouldn't be any short term dilution if they JV off grasset because the JV partner will have to pay a fee to be the JV partner. With that money they can use for the drilling commitments for WIn-Win as well benefiting from the other company drilling having great results in our winter season.

I believe BFW does have potential and lots of good things to come, however, to drill it like Swiss cheese costs tons of money. Since this property is already a JV with MEK and we were supposed to be the operator of the project, to go raise more money for this project is probably a bad idea for right now. Which is why I think they'll end up leaving this property alone for now but at the same time would be a juicy future target.

format15 wrote: I still have a gut feeling that the 4th hole at BFW may be a sweet one and, according to how I understand the PR, the assay results from the Feb 19 release were from only the first 2 holes and consisted of 10 x 1 meter samples.These 2 holes could easily have better values throughout the length of the holes.
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"A small batch of test assays consisting of ten 1 metre sections from holes 1 and 2 have been received from the laboratory. Samples from the first hole contain anomalous arsenic and up to 0.3% zinc over a sample interval of 1.0m. The highest copper value obtained is 500 ppm over a 1.0 m sample interval. No graphite was visually observed in any of the holes drilled to date."
Nothing is mentioned about about assays of hole 3 or about hole 4 in El Ninho. What is there?
Is it possible that they received good results in the assays and all this delay is because of a JV?
Supposing that good things are coming from BFW and maybe Grasset too why not grab Win Win?
As others have mentioned Win Win can be drilled year round and Grasset only in winter or an expensive fly job maybe.
Is there something so good that more dilution won't make much difference in the long run?
I'm more optomistic as time passes with no news.