MMX murchison metals ltd

oakajee overlooked in state budget, page-11

  1. 59 Posts.
    Cranswick - Maybe I'll buy if the price is right. And there is a support on the share price. Not if it is dropping 15% due to profit taking.

    What price - 0.5-0.7.
    Downside - Commodities down. Infrastructure not in place yet. Design and construction of port and rail will take a 3-5 years.
    Upside - China's interest on MMX and its iron ore. Low debt. Can be a takeover target of other big players say RIO or BHP.

    Keep it low, baby!


 
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