MRX 0.00% 0.7¢ matrix metals limited

is this low cost enough for you?, page-14

  1. 13,236 Posts.
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    I think one of their aims with the last and upcoming drill programs is to try and push the grades up past the 1.5% mark.I know they have managed to intercept some 2g plus mineralisation but just how continuous this is only the geophysical modelling would probably show.They arnt targeting the zones of mineralisation they have for nothing as they would believe they stand a good chance of upping the grade in that zone from various geophysical characteristics(why its so important for these guys to know the nature of the resource)and therefore give it a priority to be mined first.Getting 2g/T(even 1.5g) would obviously have a huge effect on the bottom line.

    The recent action in this stock may also be a pointer to much better drill results to come.But then it may just as likely be a favourable BFS or just a warming of the market to Cu stocks and MRX.Probably the latter considering the sizeable capital moving in now.Insider buying on drill results would be hard to identify now that its got past the 10c mark.

    d.

 
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