A promising quarterly update provided in late October by Metals X appeared to go unnoticed. Not only did it feature robust gold and tin production, but it also underlined the company’s strong financial position with cash and working capital of $133.3 million as at September 30, 2014.

Management also highlighted it had established an annual dividend policy representing 30 per cent of net profit after tax, impressive for a relatively small mining company, and also a show of confidence in its ability to fund exploration and infrastructure development.