Funny how the old bulls that use to bang on about how Corridor was as such a great project now all bang on about how they trade it like pro's, selling every bounce and buying every dip. I'm sure the whole time they were imploring readers to buy the oppies and chase the spikes higher they were selling, though I seriously doubt they picked the tops as perfectly as they claim. Certainly their posts indicate they stayed believers each spike that this was the long waited for breakout, never read a post saying "great pump, time to dump"...lol. Of course you did champ
Blind Freddy can tell this behaves like a trading stock, fundamental analysis is a little more complicated than "With transport sorted, all we have to do is dig it up and ship it off. Very simple." This type of ramp is laughably ridiculous as are claims this is "the biggest find in the last 30 years". Corridor was first 'discovered' 40 years ago, the best part was bought by the Chinese and they didn't want the low value and highly populated Central and South leases.
MRQ has proved again why this area was cast off... a trash dominated very low-value assemblage mix that requires considerable processing to separate and clean-up into any sort of saleable product. After complicated dry plant processing ilmenite still needs roasting at 650 degrees to remove chromite contamination producing approx a product <50% TiO2 representing less than 1/3 of the heavy mineral content. Incredibly low R&Z ends up in a non-mag concentrate that needs further processing off-shore to a different customer. How some rampers can say "The HMS game is very simple, not that complicated" with a straight face while shredding any credibility they might have left is beyond me.
Still, maybe there are some who really believe that "transport sorted" because of a 7 year old, unfunded plan rail and port plan that keeps getting pushed back. Instead of using efficient low cost 'plant-to-ship' road train transport over 40km, MRQ would be forced into building and trucking to a rail loading facility near the plant, then trucking from the port rail unloading facility to their shipping storage shed. Rail is rarely economic under 250-500km distance, treble handling and extra loading capex doesn't make sense. If that opportunity for corruption was actually ever funded and built, operating costs are likely to skyrocket. Not because of the inefficiencies but because vested interests would force MRQ to use their rail at 'captive' extortionate costs. Good luck getting approval to by pass rail and truck direct...
Anyway, while posters pumping are bagging my calls on fundamentals which have been correct the entire time, maybe another wager on the Nhactutse lab assays on below holes bmwgirl is so confident will come in higher than the visuals. Auger lab assays over the same area suggests these aircore assays will come in lower than visual, as was the trend from Dr Alvin's work before he left.
"
• 20CSAC543 – 36m @ 8.9% visual THM (Nhacutse Target)• 20CSAC544 – 36m @ 6.6% visual THM (Nhacutse Target)• 20CSAC545 – 30m @ 6.6% visual THM (Nhacutse Target)• 20CSAC549 – 30m @ 5.4% visual THM (Bungane Target)My opinion is the visual estimation is on the low side. Very good chance the assay shows higher THM."
I'm know a pump and dump when I see one, but I'm not a day trading expert like some here. So I'll stick to calling the fundamentals and explaining why the market sells down poor results despite management's claim to the contrary. Needless to say, be careful trading a stock the bulls admit to selling every pump while proclaiming "Friggin amazing intercepts and grades, cant believe we are still in the 1c range............bloody joke!!".
Good luck, stay nimble ...
(20min delay)