MXR 11.1% 4.0¢ maximus resources limited

Ann: AMEC Investor Briefing Presentation, page-4

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  1. 1,321 Posts.
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    19.8% holding of MXR by BCN Beacon Minerals ($100m MC) and their processing plant 70km's away from Wattle Dam.

    MXR has been painfully slow in getting things moving however this is shaping up like a possible takeover or JV development for the gold assets. Why else would they have made this transaction 6 months ago?

    320,600oz Au in ground value of circa US$627mill is not bad when you consider MXR's EV is $6.4m.

    There's upside here, question is how long it takes to come to fruition.

    https://hotcopper.com.au/data/attachments/5473/5473601-af1cbd7c04b07987c759c28e0b4e2a60.jpg

 
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