MRX in a trading range at the moment......why you may...

MRX in a trading range at the moment......why you may ask????

because they need to prove themselves to the wider market that they can string a few excellent quarterly results together....we wont have to wait too long as the september quarter will be out inside a few weeks ....im picking they will surprise a few with their profit levels and show they are well on their way.......13c is rediculous when we are talking about 10,000 tonnes per year x roughly $8,000/tonne = 80 million revenue with a 50% GM based on current spot price..remember MRX is unhedged......this should calculate to around $30,000,000 net profit for 12 month period...............cheers JAM