what to do, page-6

kmcq,
what you need to know is that MXR's prospect is not only about the iron ore but more importantly about the vanadium in the magnetite... if you look at WVL which are in the absolute proximity to MXR you'll understand what i mean.

WVL got a market cap of 380 M$ (MXR 40 M$) with a moderate jorced resource of 80 M tonnes vanadium bearing magnetite.

I've been in MXR for more than a year and i know the stock and its potential pretty good.

So even a magnetite grade of 20% would be economic if the vanadium percentage is above 0.50% .

MXR's drill holes even proved intersections with 1.25% vanadium , which are to be considered highly economic.


So if we're to find 1.7 Billion tonnes of vanadium bearing magnetite (which is very likely ) MXR will rocket big time and 10$+ won't be out of the question.

Drilling will start pretty soon, so if you wanna get a position you'd probably need to be fast.

Cheers