You have to take account of the international markets and the price of gold . Now the pog has dropped at the moment. However, there are still predictions that gold will rise above $2,000 an ounce at some time in the future ( weeks ? months ?) We just have to wait and see. The other thing to be aware of is the short attention span some punters have. Now we had that encouraging announcement a couple of weeks ago (9th Sept) and the following day the announcement about extra funding that had been organized to speed up drilling. Since then things have pretty much gone quiet. So those who were jumping up and down with glee about the possibilities have worn themselves out and can't understand why nothing is apparently happening. So the share price goes off the boil a bit and some punters wonder what has happened. However, once the announcement comes out about the new drilling programme that the geologist have devised to test their theories about where the best zones go then there will be interest sparked again and off we go. No need to quiver.
MXR Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
