My family took on MRX expecting to hold for a minimum of six...

My family took on MRX expecting to hold for a minimum of six months. That's enough time for the company's increasing cash flow to provide an unambiguous signal to the market. We still see the sp getting back to at least 16.5c by that time provided the copper price remains favourable.

Before instos are going to take much of an interest, the company needs to show lots more upside. They are unlikely to do this while MRX remains a heap leach outfit. The current operation will, however, provide the company with a sound foundation for proving up and developing the primary sulfide resources an ongoing operation will require.