XAM is another ASX listed company chasing the intrusive root...

XAM is another ASX listed company chasing the intrusive root to near surface mineralised porphyry stock work veins and I would consider them to be at a very similar stage of exploration as SVY with the latest drill intersection hitting around 700m of visible chalcopyrite and within that 100m of Bornite mineralisation at shallower depths than SVY. So like SVY, so close but not quite there yet.

Big difference is they have already had big success near surface (See Below) and have a Mineral Resource estimate of 1.9Mt copper and 4.3 million ounces of gold.




and with a Market Cap of circa 70 million (vs SVY of circa 50 million) and over $5 million in the bank (vs SVY $2.3 million) then it certainly makes for a sobering peer comparison.

FYI, I hold neither however have held both previously and follow both closely as I believe they are both likely candidates for the next major porphyry discovery.