MRR (ASX) General Discussion

Originally posted by Mick from Marble Bar: ↑

What no one understands on this thread is that it truly doesn't matter if assays have been processed at the lab yet. YOU, ME or ANYONE is changing what is in the ground. At the end of the day whatever is in the ground we have to accept, and anyone who holds this stock obviously believes that we have a potential resource on our hands.

The math is very simple guys and gals, 10mt (million tonnes) resource equates to anywhere between $140-165 million added to the company's market capitalisation, which would see us near 12-16c depending on if the market thinks there is a potential for more drilling and a resource upgrade.

I believe having put significant time into researching the stock and multiple companies in surrounding areas such as RGL and IMI we have the best chance at hitting a resource of about 20-30 million tonne. If any of you have not had a look at the proximity of the Garden Creek project in conjunction with the Sisters Project and the Moolyella project I suggest you have a good hard look at where they are situated in comparison to GL1's (Global Lithium) major resource........ I have done the research for you and the closest project we have is about 1.5km away.

George (CEO) was the man who turned a 10c company into a $5 BILLION company.
Ian (Director) worked as a head Geologist at GL1, who helped find GL1's archer deposit which is on the border of MRR. If my neighbours are cooking a BBQ, you best believe I am smelling what they are cooking.
MRR has a very experienced team, experience is something in life and especially in the mining game you just can't buy, which is what makes it so valuable.

George and the team nearly put 40 holes into Moolyella which highlights how confident the team is in terms of their location next to such a great company of a market cap between $400-450 million.

MRR has the most valuable asset in their favour, they are cashed up with $14 million in the bank ready to drill, no other junior will have the confidence to drill if they don't have the money. You can rest assured MRR won't have to go back to the market to raise funds for another 4-5 years.

I have made a living in my lifetime by buying on VALUE, and the level of VALUE that MRR presents in comparison to other juniors listed on the ASX is nearly indescribable. The only way to find a resource is to drill the ground and we will drill over 20,000m in just over a year, go find me another junior on the ASX that has the confidence and second of all the money to drill to that extent. I'll give you a hot tip - YOU WON'T FIND ONE.

If you are worried about assays taking their time, no one can help you with that, but imagine making a decision based on wanting to see what is in the ground, only to sell out at a loss due to impatience and the fact that the Dow Jones or US futures may shit themselves overnight and not being able to have conviction in your own decision making as an investor.

Expand

Very well said Mick,
you have taken the words right out of my mouth,
i bought into QXR and CXL both companies in the same area that was 4 months ago,I didn't know about MRR then but I found it about 3 months ago,I have found all the information about MRR after a few days then I bought in,I sold both QXR and CXL and have been loading up ever since,we have 61 holes drilled in the 3 tenements I will be patiently waiting for results,this is a no brainer with all the little small caps in the Pilbara,AIMO.

No.	Vol.	Price($)
3	13055687	0.9¢

No.

Vol.

Price($)

13055687

0.9¢

Price($)	Vol.	No.
1.0¢	3420709	6

Price($)

Vol.

No.

1.0¢

3420709

No.	Vol.	Price($)
2	12875687	0.009
12	11361036	0.008
2	302857	0.007
3	1076666	0.006
5	2025000	0.005

No.

Vol.

Price($)

12875687

0.009

11361036

0.008

302857

0.007

1076666

0.006

2025000

0.005

Price($)	Vol.	No.
0.010	3420709	6
0.011	4776800	6
0.012	5375914	8
0.013	2125574	6
0.014	3123998	2

Price($)

Vol.

No.

0.010

3420709

0.011

4776800

0.012

5375914

0.013

2125574

0.014

3123998

(20min delay)
Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $9.763M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$1.35K	150K

Very well said Mick,you have taken the words right out of my...

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GreenX picks up prospective copper project in Germany

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Venture to sniff out high-grade REE targets at Jupiter project, WA

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Westgold sets its sights on top five producer status through merger with Karora

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Is oil undervalued?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Very well said Mick,you have taken the words right out of my...

Top Stories

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GreenX picks up prospective copper project in Germany

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Venture to sniff out high-grade REE targets at Jupiter project, WA

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Westgold sets its sights on top five producer status through merger with Karora

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Is oil undervalued?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News