Morningstar rating of MRP as of 18th Nov is undervalued with fair value at 15 cents per share. My fair value estimate in a previous post was 17 cents but after dilution from recent SPP is 15 cent. After the revised MRE and I am expecting >1moz in the new year - we should see a higher fair value estimation.
I am seeing a real lack of buying depth at the moment, has the market interest in MRP exhausted?
MRP Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
