Working on a what its worth concept.
CFE was offered $400M for their Magnetite project which was 1.56 billion tonnes grading 31.2% Fe.
MXR have Vanadium credits on top of this, and a bigger target from just block 1. 5 targets in the small area identified. They have Gold, Uranium, Nickel and PGE targets.
Looking at the "worth" of just block 1 once JORCed up... $400M value gives $2 a share value.
Approx 200M shares fully dulited. NTA of 13c a share, plus 6c oppies cash (from converted options)
Gives $2 + 13c + 6c = $2.19.
$2.19 target ignoring the vanadium and 4 other nearby targets, and all other projects and prospects...
Seems to me a longer term value around the $2-$4....
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share price target 2 to 4 bucks
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Mkt cap ! $12.41M |
Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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2.9¢ | 93377 | 2 |
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1 | 30000 | 0.026 |
3 | 209999 | 0.025 |
1 | 200000 | 0.024 |
1 | 149995 | 0.020 |
Price($) | Vol. | No. |
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0.029 | 93377 | 2 |
0.030 | 24573 | 1 |
0.031 | 330000 | 1 |
0.032 | 740998 | 2 |
0.033 | 97818 | 1 |
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