RE:RE:RE:RE:RE:News ReleaseThere's NO QUESTION MXI was among the worst performing junior mining stocks in terms of share price market value gain in all interval time periods. Let me give you a better example. Let's compare to GDXJ, the top ETF for the junior mining index. Let's look at your example of Merrex's run up to May. 2, 2016 at $.31 from a January 2016's low of $.15. That's only 107% gain. Look at GDXJ January 2016's low of $16.87 to May. 2, 2016 $38.96. That's 131% gain in the junior miners index alone. The index outperformed MXI by 22% during an exciting period for Merrex where many thought a buyout was on the brink. Compare other junior mining stocks in that run-up from January to May that had buyout rumours, and there were easily 200% gains +.
But the most important test of all is the longerm test "Post Bottom". You netegenx are actually cherry picking because you're chooseing only Merrex's peak run-up point. Why not compare the test of time and the averaging out of the whole year "post gold bottom" which was January 2016 and take the whole year's rally and pullback up to right now. Let's take a look. MXI $.15 to $.16 is only 6.7%. GDXJ the junior mining index $16.87 to $41.65 as I write this. That's 147% Gain !!! And that's the whole junior mining index averaging out the good and bad ones. If a junior miner can't even beat the index, it's not doing well.
MXI: 6.7% Gain
GDXJ: 147% Gain (junior mining index ETF)
The top junior mining index outpeformed MXI by 22 X more gain. Netgenx.... I can't believe you're even trying to argue with me on this. Lol MXI is among the worst junior miners in this sector rebound, based on market value share price. The fundamentals justify otherwise and let's hope fundamentals prevail.