I understand the trepidation with other iron ore stocks rise and rapid fall.. however MDX was actually quite undersold in the last week, and only now is back to where it was with a rise today of 42%. It hasn't yet done a 100%+ rise in one day like FDL, KAL, etc which is the over-optimistic behavior that leads to massive falls.
It also does not have a massive amount of shares at approx 63M (more to come via placement however).. So you have to compare shares on issue as well.
15c or below now would be very odd given other similar iron ore stocks, and the potential on offer as shown today.
17km of potential strike and width ranging from 250m - 2km.
MDX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
