Actually, I am suggesting even without fully understanding full extent of potential open pit oxide resource, there still remains in time potential for pit development if resources exist, drilling to date is obviously not even remotely interested in this aspect.
MRX met with Baillieu's late last year and Chantry, who I believe is a hard nut to crack was won over with the story.
Personally, I believe even though we are seeing strong buying and price growth, the real growth will come upon announcement upon resumption of initial production to produce cashflow which you would expect will fund future development without hopefully further dilution.
From a charting perspective, its behaving as expected and continues strong growth. This week should see a further upward action.
MRX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
