MRF 3.17% 6.1¢ mrl corporation ltd

Don't get me wrong (because I would love to see long term...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,057 Posts.
    lightbulb Created with Sketch. 61
    Don't get me wrong (because I would love to see long term holders of MRF rewarded) but aren't we getting a little ahead of ourselves? I haven't seen any announcements indicating the amount of graphite (or even an approximate) down the holes. There were some initial results way back but there has been very little information since. Clearly, some of the veins found in SL can be extensive but we simply don't have enough information at this juncture to sprout comments about selling a potential 5000 (or 500 for that matter) tonnes per year. Without a viable resource, the company will be lucky to sell 50 tonnes.

    IMO, let's just see what eventuates as far determining an approximate resource AND THEN see if the buyers of graphite and graphene come to the table.

    I hope it all comes to fruition for holders.

    DYOR

    Biggles
 
watchlist Created with Sketch. Add MRF (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.