I have held since 8.6 cents..... bought this year.... "move towards 30 cents" difficult...."by end year we should be in the mid 40s"...close to impossible...however????????????????
"know thy stock"
Share price valuation based on short term copper production is limited. I would be surprised to see 25 cents.
HOWEVER. The exploration potential is huge. Read the ASX announcement of 12/2/07 about the uranium hits. surface, large widths of low grade economic uranium and decent widths of high grade uranium (.09%). 12km strike length plus more.
PLUS. Xstrata is drilling for more copper on their tenaments.
If MXR reaches 40 cents by the end of the year, it will be due to fabulous exploration results that it has the potential for.
Remember....700M shares of issue.
Still a buy at current prices. Limited downside risk.
MRX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
