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0.1¢ mount ridley mines limited

Yeah I agree with u it plays apart.. but I guess my point is.....

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suncityeagle

611 Posts.

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14/05/17

18:54

Post #: 24679995
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Originally posted by Ellendale ↑

The way to look at is as multipliers and total equity market cap value. Sirius went from comparable total market cap value of MRD's current value of $10-20 million to $1.8 Bn at time of IGO takeover. If MRD get a similar result in orebody qualities (jumping the gun quite a bit here because they have to first hit ore, then see how much it is - no guarantees either will happen as it may just be a whole lot of conductive nothing of any value to anyone, only drilling will tell of course), well, look at the percentage multiplier gain from current market cap.......

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Yeah I agree with u it plays apart.. but I guess my point is.. we are in different time ATM... like u said.. grades ect will play apart.. so many verables it's hard to just put it down to Soi.. its a great starting point but I don't belive it will be the be all and end all of this potential run we could be on the verg of breaking into..

MRD Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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