Considering all the noise re Cu stocks dwindling its a little dissappointing to see mrx just chugging along waiting for the next annmnt.Didnt hold 16 today and with the sellers building it will need an annmnt not to retrace.
Comments by Chapman in the ResourceStocks article certainly seem to confirm he wants to mine these deposits.I was getting a bit doubtful(after they postponed the start up of Mt Watson)that mining was their intention and perhaps they wanted to sell to someone who was prepared to take it to mining stage.
They may now want another $20-25M for start up at Mt Watson as well after Chapman mentioned they would prefer the same output of Cu cathode(15,000T/Yr) from Mt Watson as they will be getting from White Range.One can see their thinking here.As the Mt Watson resource continually climbs and with another 5000mtrs of drilling it wouldnt be surprising to see a doubling of the current resource at Mt Watson.
Just hope they arnt aiming too high only to find the Cu price falling just as Mt Watson comes on line in 2006.
Cheers d.
MRX Price at posting:
0.0¢ Sentiment: None Disclosure: Held
