gold rockets to us$1,244

MXR's gold projects are continuing to increase in value as the gold price continues to break record high's.

Just trading around new historic highs of US$1,244 and trending strongly.

MXR's Projects (summary)

Deloraine target 900,000t @ 17.5g/t gold for about 15.75 million g worth about $378m profit life of project

Selheim gold production now under way of 2,200 oz/annum for a net profit of about $1.6m/annum

Eureka 200,000 t @12.5g/t gold for 2.5 million g worth about $60m

Bird in Hand 598,000 t @ 12.3g/t gold for 237,00 oz for net profit on existing resource of $189.6m ( AU$1,400 gold price and $600 estimate cost/ oz)

Narndee/Widimurra 4,990km2, mineral rich complex with 7 gold targets, 2 NiPGM,3 Cu Zn, 3 PGM ad 1 Pb Zn.

ERO Sedimentary Uranium JV with ERO

Billa Kalina JV with ERO (IOCGU) 70km North West of Olympic Dam and 45km East of Prominent Hill (Cu-Au)

Plus 5 other projects Uranium/base Metals and Au.

Current share price ridiculously undervalued. One of the best opportunities on the ASX.

Am loving the bargain buys.