MRP SP getting punished. Could be due to the over-commitment / under-delivery that Chill mentioned that eroded investors' confidence.
It's amazing that it's pulled back to the pre-163m at 1.94g/t discovery levels in last Feb when it shot up from 10c to 30c (market cap of $95m).
I would've thought the SP would go up instead to expect a significant re-rate after the MRE revision - but, am humbled by the market.
Current MRE at 232,000oz - would SP still stay the same if MRE gets revised to 1m oz in this quarter? I believe it would rise - but not sure it will get back to the $95m market cap levels...
MRP Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
