Mt Watson Stage 1
"Operating cash flow at $3.5m per 10c above $3.90"
He's probably seen the ascending triangle that has formed on copper futures since May 2006 and it's ceiling at $4.00 with a test of that ceiling currently being actioned.
A break out of the $4 ceiling will put copper prices into play and increase cash flow for MRX.
Mt Watson stgae 2 due in October by which time Copper futures could/should be well in play above $4.00 all being well.
PP
- Forums
- ASX - By Stock
- MRX
- a little joy
a little joy, page-5
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)