MRP 0.00% 6.1¢ macphersons resources limited

A good write up. But today's trading actions shows a lack market...

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    A good write up. But today's trading actions shows a lack market enthusiasm for MRP.

    Pros:
    - Structural controls and lithology similar to Mt Charlotte
    - Higher grades and lower depths
    - Gold Mineralisation in Northern and Southern Stockworks and Crown Jewel is firming up potential of 1,500m strike length

    Cons:
    - Grades from drilling results at shallow depths seem low and market does not like variability of results
    - Mt Charlotte took 69 years to develop lots of drilling ahead to prove up resource
    - Market is expecting a capital raising some time this year

    I have no idea how much more drilling results is required to impress the market that MRP has another Mt Charlotte type deposit with Boorara. But there will be a tipping point... So I continue to wait and see.
 
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Currently unlisted public company.

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