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MRR - MinRex Resources (1 Viewer)

System

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Minrex Resources Limited (MRR) is a speculative exploration company looking to advance exploration for Gold and Tin in the Deflector Extended Gold Project in Western Australia and Heemskirk Project in Tasmania.

http://www.minrex.com.au
 

greggles

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Minrex Resources nudging north today after announcing its maiden inferred mineral resource estimate for the Pacific Highway prospect within the Pacific Express project at: 697,000t @ 1,157ppm Co, 9,043ppm Ni and 39.5 ppm Sc (cut-off 600ppm Co). This translates to contained metal of 806t cobalt, 6,301t nickel and 27.5t scandium.

MRR has been trading sideways between 5c and 6c for more than a month and a half and has formed a solid base of support at 5c. The last few trading sessions have seen some accumulation and it has moved north on good volume today following the announcement.

big.chart-MRR.gif
 

So_Cynical

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This translates to contained metal of 806t cobalt, 6,301t nickel and 27.5t scandium.

Its 100 million dollars worth of Nickel, prob cost 90 million to dig it up..a near worthless deposit in a location that is very green.
 

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