TSXV:XGC - Post Discussion
Post by
nizza on Jun 18, 2024 6:46am
Great news
I have the impression that Joanne has found the right partners here.
The cash flow from this mining should be significant for Xali in my opinion.
Xali's strategy is to generate cash flow from mining, for example, these tailing projects and then channel this into the actual drilling program for El Oro.
In this way, Xali can keep the dilution to a minimum while working on the drilling targets.
And these drillings are exactly what we are waiting for here.
Anything from 2 million ounces to 4 or 8 million ounces could be involved.
The fact that the market is not reacting - not yet - is probably because the big money has not yet arrived in the raw materials sector.
But the shift will come at some point.
Then there could be a revaluation very quickly.
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