Gold price is definitely looking bullish at the moment, no doubt about that.
However, I've observed that there's been a disconnect between gold price and gold miners' share price lately. It's not just MRP price that has been depressed while gold price been going up, it's the other gold miners too. It's a sector-wide bearish sentiment. So in terms of what will drive MRP's share price up, I would say in the near term it will be heavily dependent on the Boorara drilling results rather than the gold price.
MRP Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
