Xtract Resources - Re: XTR Stream Log - SP Angel's note out this...

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Re: XTR Stream Log
12:38 27/05/2016
Simbrad
0 replies 0 0

SP Angel's note out this morning... "Excluding the post-acquisition expenditure on the feasibility study, Xtract is realising 40% on its investment in Manica in less than a year. It appears that management considered that harvesting a profit now was a better solution than seeking to raise the US$35m of capital to develop the mine and that the funds can be better employed on the less risky development of its Manica mine in Chile..."

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