MRD 0.00% 0.1¢ mount ridley mines limited

Ann: Exploration Update Mount Ridley REE Project, page-23

  1. 2,376 Posts.
    lightbulb Created with Sketch. 175
    it’s not faith it’s just logic, they have a massive high grade potential resource that much is proven, the company has never had that before, they have proven through simple beneficiation that this already high average grade can be increasing significantly, now they have to prove that it can be efficiently and cost effectively processed and refined.
    There are a lot smarter people than you or me working on those problems.
    Soon they will have their maiden mineral resource estimate, an extremely significant step followed by or perhaps even preceded by new metallurgical data and later this year their flowsheet which will give everyone an indication of the economic viable of a full scale mining operation.
    The share price doesn’t worry me if the results are good the share price will look after itself and I haven’t actually lost or made any money until I sell, so there’s no use in worrying about things beyond my control. I have over 160k invested which is by far and away the biggest bet I’ve had in my life but nothing constructive is achieved by worrying about it the share price isn’t far off my average price so why worry?
    Last edited by aceagles: 18/04/24
 
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