MRX 0.00% 0.7¢ matrix metals limited

valuation

  1. 18 Posts.
    Events of last few weeks should move share price. Not quite sure about the direction though.

    + Increased output / production.
    + More Favorable exchange rate.
    + Lower costs of diesel.

    However, against all the good news is the sharp drop of the price of copper.

    While copper has fallen 15% since it peaked at around US$4, the lower exchange rate together with lower production costs should soften the impact. I tend to think that recent events are actually in favor of MRX. Any thoughts on that?

 
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Currently unlisted public company.

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