EXPLORATION & DEVELOPMENT

Consultant values Xanadu's Mongolian ground at many multiples to market's

INDUSTRY contractor SRK Consulting has valued Xanadu Mines' Kharmatagai copper-gold project in Mongolia at more than 6-7-times the ASX-listed company's current enterprise value.

 Xanadu thinks its on the trail of another Oyu Tolgoi and hence is searching far and wide for a better market valuation

Xanadu thinks its on the trail of another Oyu Tolgoi and hence is searching far and wide for a better market valuation

SRK valued the project in a range of US$108-233 million, with a "preferred" estimate of $173.6 million. "After considering Xanadu's effective and beneficial 76.5% interest, SRK considers Xanadu's interest...

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