Far East Capital Newsletter
Xantippe - an overlooked brine company, until now
13 May 2023

In This Issue

Xantippe - an overlooked brine company, until now

Last week much of my time was spend at the RIU Investment Conference in Sydney. This year there were many more companies presenting and manning the booths. That is good but it emphasises how many junior companies are out there, and inevitably looking for money. It is an information overload for analysts and investors alike; so much to choose from, but it also means that good stories can be lost in the crush.

There is no point in wondering who the best companies were, because no-one has enough time to get through them all. Nevertheless, there is always a short list that we walk away with. One stock I had never heard of previously is grass roots explorer, Hamelin Gold. There is a brief note below.

Xantippe Resources (XTP) is a company I have been getting to know in recent months. It has a lithium brine project in northern Argentina. Curiously, it has 30% of the salar that took Lake Resources to a market capitalisation over over $2bn, but XTC is capitalised at only $52m today. That suggests the share price should be higher, but we have been focusing more the the company's management capability and what is might do, rather than the asset base today. It could be a very cheap entry into the sector. 

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