MRD has held up nicely during this turbulent market. The way the 0.09s are being accumulated and players like Acorn Capital LTD have been accumulating shares, I think this is a strong indication of the quality REE prospects that MRD are aiming for/sitting on. I do also find the size of the land holding amazing and the fact they mention in the presentation that they have only drilled on 2% of the land (25km long & 3km wide) and the mineralisation is "open in all directions".
Another strong hint at the type of resource MRD are sitting on, is the reference to the IXR type of resource in the ground at Mount Ridely. The difference of the two being that whilst Uganda is a stable nation, its neighbours are not. Western Australia is as safe as it gets, our own backyard girt by sea
Drilling should kick off soon as mentioned in the the first quarter of 2022 and we are already half way through February.
GLTA & DYOR.
- Forums
- ASX - By Stock
- MRD
- Ann: Becoming a substantial holder
Ann: Becoming a substantial holder, page-32
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MRD (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.784M |
Open | High | Low | Value | Volume |
0.1¢ | 0.1¢ | 0.1¢ | $4.985K | 4.985M |
Featured News
MRD (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online