As expected we got a close today at $0.10. My opinion is it has another 3 cents before any real consolidation. Any blip below 10 now, if it happens would be very short lived. Fact that it traded through 10 today shows the momentum.
The increasing sentiment toward copper is driving it, as they proceed in the process of commercialising their resource which is becoming more and more attractive with the pick up in metal prices.
Again, Ray Chantry at baillieus has short term current valuation of $0.18.
it all makes sence when you look at a chart over the past 7 years.
10 holds very little resistance.
All the best
MRX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
