read the facts. production imminent
stockker....the company will be producing copper in june , there are no results to be had. People are so hung up on the DYL drill results. This is mearly a bonus , More importantly they have the financial backing from Glencore who also hold 7% of issued capital. MRX have a market cap of aprox $70 m which will be on the radar of fund managers, institutions Its a different ball game when an explorer becomes a producer, ive seen it many a time. I remember when Anvil Mining was trading around the 10c- 14c range for nearly 6 months and within a month of going into production the shareprice took off.
Regardless of the U308 results . the company will be generating cashflow from their copper mine in as little as 5 months. That to me is the significant thing. The plant capacity will be 5,500tpa in the first year and stage 2 will be to upgrade to produce 10,000tpa they have 10 million in bank and ready to roll. Forget the past, the present and the future paint the true picture.
Only the suckers need i name them, will be left wondering. Hell the shareprice has moved from 6.9c to a high of 13c and retraced to 10.5c inside 3 months. Not a bad return if you ask me and is still in an uptrend so people like Meerkat have no common scence and bag any stock that dosent go their way... cheers Jam
MRX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
