I completely agree Whatsa, all of these previous shareholders know the value of processing the higher grade inland strands.
MRC's MC was around $160mil for the 6 months prior to the company ceasing the inlands strands production.
We are now at a similar stage as 2 years ago. yet the MC is only $42mil, the share price would have to increase 3.8x to reach the same Market Capitalisation (22c per share).
There will be no elevator, once MRC starts to show the financial returns from processing the inland strands we will see the share price trend upwards, this will be perfectly timed with the company expanding production of the inland strands in 6 months time and then we will see the other benefits of the company moving into finished products next year.
But let's talk about a few trucks. Lol
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I completely agree Whatsa, all of these previous shareholders...
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1 | 28001 | 0.018 |
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Price($) | Vol. | No. |
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0.022 | 10000 | 1 |
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