MRX 0.00% 0.7¢ matrix metals limited

im back in at 13c ........

  1. 5,391 Posts.
    im ready for the big move OK i know what your going to say.....DOW hammered...subprime mortgages slowing down the housing market ...but copper producer status still interests me ....MRX needs to steadily report cashflow positive and NPAT results each quarter to build up confidence in the company...the uranium deal with DYL is a bouns and shouldnt be factored in at the moment until we know the true value.......the value in the short term is the copper production...currently costing $1.60 lb to produce they should still show good profit even at $2.60/lb.....next quarter is worth hanging around for IMHO so im back in and waiting for results by mid january (approx 6 weeks)
    cheers Jam
 
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