MMX 0.00% 4.7¢ murchison metals ltd

A day like this is perfect for people that love to speculate on...

  1. 1,573 Posts.
    A day like this is perfect for people that love to speculate on utter crap and rejoice in a red day.

    The markets are down, there is uncertainty, particularly with the U.S until they can extend their easing, there is uncertainty with what will happen with MMX's 25% stake.

    For a reality check, look at the market cap, consider that Mitsubishi is contracted to pay MMX the deferred payment no matter what the investment decision )which is a multiple of the current market cap), consider that MMX is still a further 25% holder in OP&R through Crosslands, which Mitsubishi is responsible for finding the funding.

    There is demand for this project and many others want in
 
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Currently unlisted public company.

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