breakout brewing

further to the last post, MXR holds 44,357,143 shares in Eromanga Ltd which in the report are booked at a value of $1,508,143,
The pre open price for ERO is up 7% to 5.9c which changes the value to MXR to $2,617,071.
Each .001c movement in the ERO share price varies MXR's value by about $44,000.
The ERO 52 week high of 12.5c = $5,544,642 MXR valuation.
MXR market depth pre open is at 2.7m on the total buy to 1m on the total sell volume.
With the SPP closed now, any break through to 3.5c is then open to higher moves on any price sensitive announcements or indicators ( eg, the ERO share price, the gold price, jv announcements, tenement news etc).