MRF 3.17% 6.1¢ mrl corporation ltd

How can u ask some of the questions when we have no off takes or...

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  1. 7,689 Posts.
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    How can u ask some of the questions when we have no off takes or end supply, no jorc or defined resource. You have asked definite questions which are all still hypothetical in nature.

    Is the business an ongoing concern?
    Absolutely at the moment as no cashflow. Ridiculous question.
    Has evidence of the geology changed?
    No but irrelevant as that is not in dispute as no one has issues with the product.
    Hast the method/cost changed?
    U ean the hypothetical cost of production. No defined resource to determine. Pure assumption and will only find out when works start.

    Has the price of product changed ?
    No one doubts the product. Out of interest what is the product - research still ongoing and how much to be sold (comes back to defibed resource). You tell me how much product has mrf got confirmed.?

    Has the market for the product changed?
    No once again this is not in dispute.

    Has the market valuation of business changed?
    Changes daily. You tell me. What is this business worth. Truly. How can you calculate a business based on no defined resource.
    This is what is happening. Mrf is using the 1st couple of veins to prove the integrity of the business. That is why unlike companies like ton where the metrics are oredetermined mrf is unique by progress in real time with minimal forecasting. It will be used to provide cashflow in the st but more important is seen as a test run for future vein projects.
 
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