MRR 0.00% 0.8¢ minrex resources limited

Ann: Outstanding Assays at MRR Tambourah North Lithium Project, page-18

  1. 2,487 Posts.
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    People with deeper pockets than us would like a decent entry point before the potential quality and scale of the potential lithium deposit is shown by the drill.

    Comparing LRS' announcement on 16 February 2022 after drilling confirmed some nice spod intercepts (not cross promoting, I sold my holdings this morning to reallocate to MRR today), rock chips from work undertaken at the end of 2021 were reasonably comparable with what MRR released today. Have a look where LRS has ended up. I'm by no means directly trying to compare the two as they vary for a huge number of factors, but when the announcement today confirms "Minrex is currently working on the first RC drill program to test the extensive stacked pegmatites over its project areas with a view of signing a drilling contractor to undertake drilling over the projects imminently" it's nice to wonder where some solid intercepts would see the share price within the next few months..

    https://hotcopper.com.au/data/attachments/4254/4254620-b046b33129dad76b85ae245cc6067d4f.jpg
 
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