Great summary mate... if we have anything like Emmie Bluff Cu resource (25Mt @ 1.3% Cu, depth 400m with an insitu value of $A3 billion), which I think is definately possible, Xstrata will spend the full $16 mill on drilling and take over the remaining 25% we will hold by then. Still, they will have to pay us out a few 100 mill ;)
That will likely give us a price easily $1.00 plus before the offer or take over.
IHAD holes has already proven EXCELLENT grades. THEY ONLY GRAZED THE SIDE OF THE TARGET NOW! Xstrata is putting a hole straight through the middle! ;)
AXT Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
