FXR is over valued severely in my opinion.Capped at $10 million...

FXR is over valued severely in my opinion.
Capped at $10 million with nothing.

Look at MTE who has spent all up close to $50 million ($20m in its own right and its JV partner China Coal around $30m). It has a massive coal resource, inferred and indicated and has almost $7m in the bank with no debt. It is trading below the value of cash in the bank. Market cap today is about $6 million.

Take off the rosy colored glasses, this stock is going under 1 cents in time. This isn't fact, it's my own opinion based on peer companies and current state of the resources/coal market.

I just can't believe the current valuation of FXR - it's an absolute joke!