IMO, the initial float of ERO has definitely put MXR on the radar.
However, what alot of people seem to be not understanding is that apart from the 35.4% ownership factor which includes everything that ERO has including Cash at Bank, MXR also has a 50% JV with ERO in the Bila Kalina 30% JV in the Maree free carried until ERO spends $14mln over a couple of years.
Then on top of that there is Sellheim 20,000 ozs Gold per year goes into full production December 2007. Thats this year. MXR will have 100% ownership.
Bird in the Hand. Gold 100% Nickel
I could go on and on about all the various projects that are not Uranium related. Thats what makes them such a classic standout with 50 odd million shares and dirt cheap.
If people still can't understand the maths, well i can't help that.
Its a diversified company.
U is only part of the business.
However, the hidden value is what its total assets are.
Not just the "U Factor"
Thats where people really need to do some research.
Mark Creasy did not invest in MXR for nothing.
Cheers markco2
ERO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held