By Robert Tyerman | Thursday 6 August 2015
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Depressed gold at $1,092.45c (£700) an ounce and copper at below $2.40c a lb have yet to attract hordes of bargain hunters or contrarians, but AIM-quoted Xtract Resources (XTR) is keeping up the momentum in its quest to develop gold and copper opportunities across the globe. Chaired by entrepreneurial veteran Colin Bird, of Jubilee Platinum (JLP) and Tiger Resources, and steered by chief executive officer Jan Nelson, ex-boss of Pan African Resources, the company is characteristically trumpeting the discovery of a second high-grade reef system, ‘Reef System B’, at its Chepica gold and copper mine in Chile.
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