is everyone selling to get into mxr, page-7

  1. 1,368 Posts.
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    Hey Orga,

    No one is bagging ERO. It's just a fact that when you run the numbers, MXR is better value than ERO.

    MXR own 30% of ERO and 30% of Marree. What does that mean in real terms?

    MXR share in Marree = 30% + (30% x 70%) = 51% (Have I got something wrong here?).

    Hmm, ERO cap around 90m and MXR around 30m.

    Hmmm.

    Dr Z.
 
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