I have spoken to the Matrix guys on a number of occasions.
My impression is that the project is pretty sensitive to the copper price and they need it heading in the right direction for the project to become robust. It will not be a low cost producer.
They dont need to do much to get into production but have been slow at getting into action. They ahve been talking feasibility for 12 months or more, yet they ahve most of the process plant to get into production.
I think the reason for this is that the satellite deposits are bigger then expected and raises the issue of where to put the process plant however I think the copper price has also been the main factor behind the slow progress.
Anyhow the copper price chart looks good and so does MRX's.
I dont own them.
acturtle
MRX Price at posting:
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