MRX 0.00% 0.7¢ matrix metals limited

Ageed .. there will be a rerating on production and cash flow....

  1. 15,810 Posts.
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    Ageed .. there will be a rerating on production and cash flow. Its worth noting that they improved their cash position by $2m due to equity positions (DYL sale I guess) and have $14m on hand ... that's impressive for such a junior. Sure Xtrata found nothing on its first pass at McCabe .. but existing proved reserves give at leats a 4 year mine life at record copper prices.

    I'm staying in.

    H
 
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Currently unlisted public company.

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