MXR Fundamentals, page-364

First 364 Last

Share
Profile

Follow
Bull Whisperer

3,047 Posts.

182

29/11/22

02:02

Post #: 65037884
Share

Originally posted by nkat2007: ↑

On the lithium I don't expect drilling to happen in this calendar year nor standalone, instead a JV partnership likely to be the mechanism for undertaking lithium exploration when finalised and ready to be announced. I have heard that there's significant interest in the Spargoville tenements and a few discussions taking place. As a side note, both Marquee Resources (MQR) and Pantoro (PNR) have a JV earn-in agreement with $15B giant Mineral Resources (MIN) for exploration on their lithium tenements.

Re Wattle Dam gold, not in a position to interpret how many ounces will be added based on the drilling results from Redback, S5 & Golden Orb - this is the job of the geologists so will need to wait for the updated MRE to be announced. The underlined statement (below) from the quarterly is suggesting the scale of Wattle Dam has the potential to increase significantly. Whether that's 25%, 50% or more it would be pure speculation. A hypothetical 25% increase in total MRE (135,800) would be an additional 33,950oz #gold implying an in-ground value of US$59m (using gold price of $1750/oz) added to the project if this were to be true.

Revisiting the previous announcement on Pantoro's strategic investment of $4.3m in MXR is interesting. PNR were prepared to invest when MXR was trading at ~$20m market cap (6.8c) and yet today it's trading at ~$13m. Clearly they see value in Wattle Dam and the potential for combining feed into their Norseman production plant. "Pantoro believes that the project presents compelling opportunity to substantially grow the existing 112,000 ounce Au Mineral Resource in the near term"

Expand

The answer here is very simple start acting on what they have said and inform all share holder's on progress as simple as that rather than a guessing competition we are very much owed that in the very least.Start earning their money and no ransom of extra share's till we can asses performance in our right.

MXR Price at posting: 4.3¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

What's causing the cost-of-living crisis, and how to navigate it

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk