There are two factors which appear to restrain this Company's share price:
1. reserves, and
2. diesel costs.
Reserves are only something that can be resolved by further exploration and drilling. However, the diesel problem could be solved by connection to the Qld. grid. CUO have done it. So far, I've seen nothing from MRX as to the cost of a transmission line to the nearest grid point.
Just some thoughts!
why the low price
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