Dont fear...
As I mentioned way back - fair value of this just at cash backing and the royalty streams is at a basement price of 11.5c and that is because of the rights issue. Prior to the shortfall being subscribed this fair value .should be 20c. Current gold in ground value is about $200mill. There is obv costs to turn this into a mine etc but the fact that we have Burbanks and a Tolling Agreement in place - the appreciation of the price is a no brainer. 35c to me I think is a fair price if this drilling campaign can provide decent hits. Let’s see if MXR can rise from the ashes. It’s appearing in a lot of daily scans and the boys at GTT are pumping it on Twitter and also (one assumes) in the market. Some big hitters are waking up to MXRs potential. Anglo Ashanti abuts our tenement - their MCAP is $75mill - ours is $10mil.
I hope the long termers loaded up sub 3.0 cents like i did...
Dont fear...As I mentioned way back - fair value of this just at...
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Last
3.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.69M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 92326 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 108459 | 1 |
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| Last trade - 16.12pm 05/07/2024 (20 minute delay) ? |
| MXR (ASX) Chart |
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