i have this allocated in my speccy funds too. I like the geography of where it is located and the fact it is unexplored area means it can be a game changer and easy takeover by its bigger neighbours. the small MC and tight holding of shares is another big plus. One think i am trying to figure out is the type of reserve they possibly may have and what equiavalent market cap that would fetch. for instance a look at other gold spec junior explorer companies on the ASX with say a 500,000oz to 1mill oz reserve typically commands a market cap of upwards of $15M-20M.
anyone can help me on this? i guess it isnt until ERIN can JORC it will we know the reserve size.
MXC Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
