"There is solid support here and 3-bagger forecast on confirmed resource estimates."
that was using the figures from the analysts report mailed out by management.....
the analysts being very conservative estimated 72c p.s providing they can prove up 50MT DSO (half their initial target); they also stated this price was a re-rating based soley on 50MT being proven....
considering the initial Target is 100MT DSO this leaves alot more room for upside....
not to mention other assets magnatite / gold / uranium....
:-)
here's the report - nice reading
http://www.mindax.com.au/upload/documents/media/MDX_RMR_18_03_2008.pdf
what happened to the sp today, page-4
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