Hi Baird
MXR is a lot shakier than CTO - it has $148K in the bank, produced about 300 ounces of gold last quarter, spent $1.46M in March Quarter and is budgeting to spend $50K (that's right, just $50K) in the June Quarter, and in a huge capital raising to sophisticated investors in March Qtr raised just $260K (thought the mnimum was supposed to be $500K?).
I'd say , with MXR, Run away!
Tell you what, I'll wager you $50 that CTO is closer to 40 cents by 31 December 2009 than to 10 cents. You game?
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