chairmans report

I was browsing through the recently released annual report and I noticed thsi statement in the chairman's report. "There are 550 mining companies listed on the ASX and less than 10% are in production". That would be about 50.

I did not know that. Perhaps I should have but you learn something knew everyday. I guess I chase a lot of explorers.

As soon as I read that my brain, without my consent, went : BHP RIO WPL OXR ZFX STO OSH MCC NCM CEY.

there's 10 producers which must therefore represent 20% of all the producers on the ASX. That's a pretty impressive list for li'l ol' MRX to be joining. And look at their market caps. The smallest one is about 10x that of MRX.

I suspect Martis is correct on this on. We are jumping on at the exact right time as production continues to ramp up.

I reckon you all could look at my list and without even thinking add more impressive names to it.

I had no idea Australian mining companies in production was such an exclusive club.