Xmet Inc XMTTF

RE:Second thoughts

[watchmeplz]

I highly doubt BFW, Xmet is already the operator on this property. Xmet is supposed to do the drilling and has the commitment to fulfill in order to get a piece of the property. See: https://www.stockhouse.com/news/press-releases/2014/05/22/metals-creek-options-60-of-feagan-lake-graphite-project-to-xmet-inc Xmet has already stated the huge size of the VMS structure and for them to drill that structure like swiss cheese and get the honey spots I think is not feasible quite yet. However, Xmet has completed their contract obligations up until May 2016, so what I believe might happen, is they'll do a PP a lot later on this year once shareprice has appreciated from the Grasset/Win-Win news and part of the future PP will be for BFW drilling.

Transperance wrote: 1 I trust that the company and mgmt is working for the best of the company. If not, and they delay releases without reason, they should know that they will not be trusted going forward. A Stewart has been in the industry for long and must know this. If Stephen want to remain in the industry, he cannot say anything about drill results or negotiations at this point of time. 2 I have commented on the Feb 19 NR earlier, saying that it is very much a marketing material. Phrases like: it appears that the whole system begins at 40 m below surface and: the multiple zones of the system give the project substantial scale and the potential to become a very interesting project. When reading the April 9 NR on Grasset, it is stated that xmet will complete targeting for a second phase follow up drill program. 3 On second thoughts I think something is on going, but not for Grasset, but for BFW. BFW is a huge commitment that xmet hardly can develop on their own. The negotiation process might also be extended since it must involve three parties. I guess an operator would ask for at least a 50 % interest, which would cut down the xme and mek interests. From the April 9 NR on Grasset, I take it that xmet themselves, and not an operator, will continue with completing targeting. Xmet should not commit themselves to further activities on Grasset if the plan is to forward it to an operator. If xmet continues with Grasset themselves, the company would be focused on gold going forward, leaving graphite to an operator.