MRX 0.00% 0.7¢ matrix metals limited

announcements expected., page-4

  1. 262 Posts.
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    don't lessen your reslove Andy - i consider you a voice of reason in a sea of doubters - well done.

    why the need for an announcement??

    from what i hear the ramp up is on track & will be at 9kt production by end of july.

    diesel, diesel, diesel - who cares, the additional cost in terms of $/t extraction costs does not mean a huge incremental increase - my thoughts - they can still get it out of the ground at between US$2 & US$2.3/t even with increased power costs.

    while copper remains US$3.5/t and above (which in my opinion it will) there is good money in digging it out of the ground. mrx has plenty of good ground to dig in too, even though the initial deep sulphides search hasn't hit anything, there is a lot more to be looked at (and not just for Cu).

    i like this stock & am biased - but the fundamentals say to me big potential upside, not bad downside (to quote an investment bank - "your risk is limited to the size of your investment")

    good fortune all
 
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