$MXR - Ranging sideways Support at 15c will churn and grind at these levels, expecting sideways movement until the next drill results. There is more to come with this stock. A better set of results should really propel this junior gold explorer.
MXR trade ideas
$MXR Cashed Up ready to drill High Profile investors on boardAt time of posting MXR has a 14MC with 87 SOI.
-Recently raised cash for drilling in a prospective regions
-It has high profile investors such as Tolga on board who has a successful track record of getting on winners. See BGL as a recent Example
-Drilling catalyst due soon
-Hot gold sector with nearology play
What makes this stonk interesting is that there is a possibiliy that a near by processing plant could be used, which doesnt belong to MXR. This gives a possible option for a deal like a JV and avoids expensive capital raising that would otherwise be required to get to production.
You have been warned.
