mrx positive news but still down why, page-4

i think calling mrx a dog is a bit over the top.

they have recorded maiden profit and ramp up to 9,000T production is on schedule.

9000T @ A$9000 = $81M halve that for extraction costs leaves $40M take off corporate overhead of ~$6M leaves EBIT of $30 - $35M.

at current cap of $68M it is on a forward PE of about 2.

in addition to the above it has DYL JV, XStrata JV for sulphides (no success so far with sulphides but a lot of prospective ground).

i am definately biased as i hold close to 1M shares at avg. of 10c but i am holding on to what i have and would add more if i had the readies.

good fortune all.