RE:Tight Float
Just noticed the PP after market... $800,000 at .20 cents will be 4 million shares and a very tight float still at that. Doing business in Quebec with hard dollars can get back close to 40% from the Quebec Government.
This cash will go a long way. The massive properties put companies like TUSK to shame. TUSK at a $4.5 million market cap for thier Val d'Or little property. Xander Resources total engulfs TUSK, however they are not Xander's peers.
Being in Fenelon, a new explosive camp with so few companies was an excellent start for Xander, but over 21,000 acres now between Monarch Gold and thier discovery and ground adjacent to the North and Probe Metals new discovery to the South with Contiguous claims...
This Xander is set up very nicely indeed. The market cap doesn't warrant a $2.4 number. It's peers in just the Fenelon are $8 million and $14 million in the same stage of exploration.
Never mind the additional huge mass of mining claims in Val d'Or... which in English means, "Valley of GOLD"