With all the new members ducking in on the MRF forum now that it's gone up 200% in a day, just a friendly word of caution from someone who also held until 5mins ago and has been here a while.
Be careful about getting caught up in the hype that gets sprouted off on here. I want to see my shares do well like anyone else and they're well up now, however one theme that you will notice on here is that the chief rampers refuse to put up any explanation of their targets in terms of numbers and prefer to throw out cliches like "macro drivers" and "disruptive", which sound really good but of course can't be quantified into any meaningful valuation.
Worth doing a few basic sums when people start talking $1 and $2 for a stock that is currently 8c.
@ $1 with 195M shares on issue, $1 is obviously a $195M market cap. That's assuming no further dilution, which clearly there will be if they were to target a large resource.
In contrast, TON's mc, incorporating one of the largest graphite reserves in the world and a $1B offtake agreement signed has an mc of $140M. I don't hold TON btw - just referencing it to show how ridiculous it is at this stage to talk of MRF at $1.
Be careful people and use common sense. If it smells like you know what, it likely is. If someone ramps, ask them to back it up with numbers - not cut and paste jobs.
It may well go higher but I'm out for now at 12c, which is a $23M mc and about right imo maybe slightly high without an offtake agreement signed.
