MRQ 0.00% 0.4¢ mrg metals limited

Methodical delivery of MRQ results by Management, page-119

  1. 2ic
    5,923 Posts.
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    The moment I appeared the stock was 2.5c and my initial view was bearish it's true. So far looks like I was right on the money. There are some
    posters who welcomed me so warmly and continue to show concern for my well-being to thank for my ongoing special attention to provide balance.
    At 1.4c the risk-reward equation looks better than 2.5c, probably. Then again, recent assays came in similar to December's first release, so the chance of pending assays (which logging is a good guide keeping in mind some undercall) lifting Koko grade has reduced. If more drilling fails to find the 'mother lode' at Koko the market will discount it's worth further imo. Mineral sand strands are nothing like gold deposits where ore bodies can suddenly blow out into much larger and higher grades. Picture a long beach, generally without a headland it's all pretty uniform for long distances, which is not to say thin high grade beach placers cannot be missed by 250m spaced drilling.


 
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