Its a bit of a chickenfeed project really, 6mt not a lot of ore, and thats the resource, not the reserve. Maybe a 4 year mine life, not fantastic considering all the drill and time taken.
And the bigger proportion of the ore is transitional. Would pay to watch for process recovery rates on this stuff.
This project hardly a scene stealer in my view......
Will be interesting to see how project NPV from feasibility study compares to current market cap of MRX. Maybe this one is already fully valued considering there is not even a feasibility study complete??
Time will tell.
acturtle
MRX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
