For sake of clarification, I do believe this stock in time will be eventually be seen as cheap. The value of its project will be borne out. However the current share price action is hardly been whipped up by the results of its feasibility as it has barely started and they are a long way from production.
Sometimes share prices start whipping around due to corporate action in the background. Who knows that may be the case with MRX. Or perhaps its manaipulation. Or perhaps its just traders jumping on small resource stocks.
I do not know whethere this stock will go up or down.
But the copper price is going up, which does help when their project in the past has been seen as marginal.
acturtle
MRX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held