MNB has an inferior resource both in terms of quality and quantity. If MNB has a fair valuation then CXM is grossly undervalued. Some investors believe that MNB is undervalued - this speaks volumes for the potential upside for CXM
As l have said, Queensland politicians will need to support Ardmore’s development if they want to get re-elected. Your stereotyped red neck - which does exist up here in droves - is clearly focussed on nation building, environmental sustainability and local resources.
CXM has spent over $20 million on the Ardmore project and the company is worth less than this right now. Go figure.
The market has started to wake up to CXMs peers but has not woken up to CXM yet.
CXM Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
