bih sellheim and windimurra iron ore

MXR's SP will get some appreciation as results for those three projects pass through.

January will be a very exciting month with results for the iron ore drilling and a prefeasibility study for Bird in Hand.

Additionally MXR will try to extend the Bird in Hand gold resource with further drilling to a depth of 500m.

I'd expect a pretty good resource update indicating approx. 250.000 ounces of gold, with additional upside potential depending on the mineralisation at depth (500m level ).

Currently MXR are busy estimating the Sellheim gold resource which will also add significant value to the SP as we can expect a considerable cash flow by mid 2008.

Imho the Iron ore drilling isn't given any value yet and any surprising results released in early january will set MXR on fire.

I already feel sorry for those people selling at a 4 month low of 18.5c.

MXR will get its proper attention pretty soon imo. Just be patient guys, the early bird catches the worm.

Cheers