EWERE....You need to bring yourself up to speed and not make assumptions about the J/V deal with DYL
the farm in interest is clearly documented and gives MRX 2.2% of DYL issued capital. This currently equates to 18,810,000 shares in DYL at a current market price of 50c gives MRX $9.4 million bucks This gives DYL 51% of the JV by spending 3 million in 2-3 years DYL then have the right to earn a further 29% up until the commencement of a bank feasibility study for an additional 3 million bucks giving MRX a further 3 mill (giving MRX a total to date of $12 mill )
Following completion of a BFS DYL can buy out the remaining residual 20% interest for a value equal to 15 % of the inground value
now considering some rock chip samples measures 9.900 (ppm) the value could be anywhere from 30 million to 300 million .....regardless of that , MRX is a copper producer with a BONUS attached cheers Jam
MRX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
