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6.1¢ macphersons resources limited

Ann: More Striking Gold Intercepts at Boorara, page-40

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Dazedandconfused

7,585 Posts.

2098

21/11/17

00:10

Post #: 28967216
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Originally posted by ecker ↑

Morningstar rating of MRP as of 18th Nov is undervalued with fair value at 15 cents per share. My fair value estimate in a previous post was 17 cents but after dilution from recent SPP is 15 cent. After the revised MRE and I am expecting >1moz in the new year - we should see a higher fair value estimation.

I am seeing a real lack of buying depth at the moment, has the market interest in MRP exhausted?

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Hi ecker

While shares are hitting the bid people who want to buy are happy to sit and wait. Until we get all of the drilling results I don't see how anybody could possibly reliably value this... I am in because I trust the judgement of the management.... I like the story and so far the results are backing it up.

MRP Price at posting: 13.0¢ Sentiment: None Disclosure: Held
8 Upvote

0 Great analysis

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