Working on a what its worth concept.
CFE was offered $400M for their Magnetite project which was 1.56 billion tonnes grading 31.2% Fe.
MXR have Vanadium credits on top of this, and a bigger target from just block 1. 5 targets in the small area identified. They have Gold, Uranium, Nickel and PGE targets.
Looking at the "worth" of just block 1 once JORCed up... $400M value gives $2 a share value.
Approx 200M shares fully dulited. NTA of 13c a share, plus 6c oppies cash (from converted options)
Gives $2 + 13c + 6c = $2.19.
$2.19 target ignoring the vanadium and 4 other nearby targets, and all other projects and prospects...
Seems to me a longer term value around the $2-$4....
share price target 2 to 4 bucks
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Mkt cap ! $10.27M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.4¢ | 3.2¢ | $53.42K | 1.629M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 424304 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 40837 | 1 |
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| Last trade - 15.09pm 21/05/2024 (20 minute delay) ? |
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Last
3.2¢ |
Change
0.000 ( 3.23 %) |
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| Open | High | Low | Volume | ||
| 3.4¢ | 3.4¢ | 3.2¢ | 107169 | ||
| Last updated 15.09pm 21/05/2024 ? | |||||
| MXR (ASX) Chart |