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10,103 Posts.
656
23/11/07
01:11
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Thats my point..... just like FDL was at 1c.... only worth their MXR holdings and there royalty... now 8.9c and climbing..
MXR is only worth their cash as shares.... Listen to brr.com.au...
200mt at 40m deep.... 1BT at 200m deep....
They own 5000sq km around PMAs mine... which has Iron ore, Uranium, Gold and Nickel targets....
Then they have JV with ERO and 1/3 the ownership...
Bird in hand with 250K oz gold target (165K oz already JORC) amd Sellhiem with 15,000oz a year at $200AUS cost...
FDL own MXR shares..... and Big Kev is MD of both...
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