There seems to be some significant Group Think with regards to sentiment for MQR. i.e. "It's terrible". Why? "because everyone else says so and the share price has dropped so it must be". Kind of becomes a self fulfilling prophecy.
Those who actually look at fundamentals, as aliscrazy has done, will benefit from the mass peanuts misplaced sentiment.
They have a great partnership with MIN for West Spargoville, and Redlings looks like it could be a cracker of a Rare Earths deposit. As aliscrazy has said it's much more promising than many others.
On the financial front, the EV is compelling. MIN are reimbursing much of their costs, Kibby has a circa $3M USD water permit, Clatyon is in Albemarle's hot zone with a couple of others, and they'd surely like to take it for a decent sum, maybe even millions. We're soon to get a JORC from Lone Star and we all know what's going on with Copper. All this in Aus and USA.
Far out Redlings alone could be worth Billions if it turns out to be another Mt Weld (Lynas) which incidentally is only 70kms or so away. These early Rare Earth results are outstanding (much better than most of the others pumping out Rare Earth announcements and rocketing) - where there is smoke there is fire. And why do you think MIN are all over West Spargoville leaving no stone unturned while they spend their money? Yeah MIN don't know what they are doing right?
What more do you want them to do? Why are you a shareholder? They are doing everything we could want, aggressively pursuing some great projects with arguably huge potential. They are making sharp deals and are being prudent.
As with most explorers it's about risk/reward. There is still an enormous reward upside with MQR, and ironically the lower the share price is the higher this reward ratio is - also ironically is that's when the peanuts tend to come out and trash talk it, and then more peanuts jump on the bandwagon. It's usually a great buy signal (aliscrazy nice work - you're already doing well).
So how about peanuts stop being peanuts, and put some logical thought into it. Or is that asking too much on Hotcopper......
MQR Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
