I get the impression(not sure if its the right one)that market is assuming the placement is way undervalued.However will the market support at these levels when these shares are placed.
Looks like White Range BFS will be a lot healthier than first thought with those higher oxide grades to bump the total resource.
It appears their appreciation of the geology continues to build with more and more drill results hitting higher grade zones.
The original low grade projects they had are rapidly turning into good medium/high grade projects that should be feasible even with a low Cu price.
Mrx seem to be looking to make these projects bullet proof this time around.Either that or Chapman and Co will have some damned good holidays and nice houses on mrx holders.
Now for some high grade results from that vegatative anomally to the west of Mt Watson and some nice deep sulphide ones down dip.
If these annmnts keep up you may be right re a 12.5c low newry.Only find this out when those placed shares hit the market I suppose.
MRX Price at posting:
0.0¢ Sentiment: None Disclosure: Held
