I had a look at some of their ground last year. The matix reef...

I had a look at some of their ground last year. The matix reef is certainly interesting although I didn't get the chance to wander over it. Being so high grade means finding ore continuity could be an issue. There is some alluvial ground as well which could be profitable over the short term. This will need bulk sampling but has potential to be cash flow positive.

Like so many start ups, the transition to actual mining is certain to be costly both in time and resources. MXD has been around as an unlisted entity for a while so may be able to start actual mining more quickly. I scanned over the prospectus and noticed they are considering having ore toll treated. If so, they will need to watch the grades.

I'm watching at this stage but I certainly see potential.