capman,you are entitled to your own opinion.MXR's market cap...

capman,
you are entitled to your own opinion.

MXR's market cap isn't 80 M$ , even fully diluted with options adding cash of 12 M$ MXR's market cap would only be
60 M$ ( 200m shares on issue fully diluted) while 27 M$ would then be Cash and cash equivalents ( ERO holding).

60 M$ isn't much if you consider that they'll start gold production in June which will establish a cashflow of 12.5 M$ revenue /annum at a cash cost of 200$ /ounce.

I think you do not know too much about MXR , well I have done continuous research for more than a year and i know a lot about MXR.
Take a look at the entire package of projects and i guess you'll like what you see.

Also their tenements around WVL where they're about to drill in MAY are certainly valuable ones.


Anyway, do your own research before you claim to advise ppl whether to buy or not.

Cheers