MMX has a world class project. Men with decades of geological and business experience have backed it with billions, have maintained their investment during one of the harshest economic periods in history. We now have federal and state funding. There are expressions of interest from satellite industries (steel mills). The rail and port has been won and will be constructed. No debt and new greenfield expansion may come. The IO happens to be an excellent product.
Criticism in light of these facts highlight a misunderstanding as to what constitutes a good business.
But markets run on paranoia and conspiracy theories (and trailing stop losses).
Markets are not the business.
MMX Price at posting:
$1.41 Sentiment: LT Buy Disclosure: Held
