MRQ has commenced discussions with potential joint venture partners to mine their 1.4 Billion ton (5.2%) HMS JORC resource in Moz. If they do indeed secure a partner with a binding contract, for starters I'd expect to see a market cap no less than $35-40M.
Additionally, MRQ does have several irons in the fire with a number of tenements hosting uranium, REE, lithium, etc in either Moz, Zim or Aus. Significant news concerning any of these commodities and we could see a significant re-rating of the company.
MRQ is very efficiently run (eg. OPEX runs on the fumes of an oily rag), has a proactive management/geo team, and a massive JORC resource, yet it doesn't seem to be appreciated by the market. I have accumulated at these prices as I believe it is way oversold. Time will tell if I'm right.
MRQ has commenced discussions with potential joint venture...
Add MRQ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.525M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 65 | 125355439 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 60222415 | 35 |
View Market Depth
| Last trade - 16.12pm 03/05/2024 (20 minute delay) ? |
| MRQ (ASX) Chart |
Day chart unavailable