|Bid||0.120 x 0|
|Ask||0.125 x 0|
|Day's Range||0.125 - 0.130|
|52 Week Range||0.105 - 0.310|
|Beta (3Y Monthly)||3.04|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
TORONTO, Oct. 17, 2018 -- Xanadu Mines Ltd (“Xanadu” or the “Company”) (ASX: XAM; TSX: XAM) is pleased to announce that its ordinary shares will commence trading on the Toronto.
Xanadu Mines Ltd (ASX: XAM – “Xanadu” or “Company”) is pleased to announce that infill and resource definition drilling designed to significantly increase tonnes of the 2015 JORC Resource to facilitate project development has commenced at its flagship Kharmagtai copper and gold project located in the South Gobi region of Mongolia (Figure 1). Xanadu’s Managing Director & Chief Executive Officer, Dr Andrew Stewart, said: “Following the very significant discovery of the fourth porphyry centre at Zaraa, we believe the Kharmagtai project is approaching a near-term development opportunity and it’s now time to take the Kharmagtai project to the next stage. Our number one objective at Kharmagtai is to fast-track resource drilling designed to significantly upgrade the Kharmagtai Mineral Resource estimate and to complete a preliminary economic assessment (PEA) of a very low strip ratio, higher-grade open pit ‘starter’ project contained within a larger resource. I am confident that Kharmagtai will further improve its status as the premier large-scale undeveloped copper-gold project in Asia”.
When Xanadu Mines Limited (ASX:XAM) announced its most recent earnings (31 December 2017), I compared it against two factor: its historical earnings track record, and the performance of its industryRead More...
Xanadu Mines Limited (ASX:XAM), a AUDA$167.78M small-cap, operates in the basic materials industry which is sensitive to changes in the business cycle, as it supplies materials for construction activities. BasicRead More...