Reasons to look at MXRHere is a list of 10 reasons MXR should be looked at. If you believe that this stock will stay under 0.40 cents please tell me why. Look at these points and please comment.
1) Experienced management and geological team:
– Clancy Wendt, P. Geo, VP Exploration has over 37 years of exploration experience
- discovered Mt.Hamilton moly/gold property in Nevada
- direct experience in uranium, base and precious metal exploration in North America andMexico
- Stuart Rogers, President, has over 20 years of public company management experience
2) Low capitalization – only 21.5 million shares issued and outstanding
- only 28.5 million shares fully-diluted (includes 5 million wts exercisable at $1.30 to Nov. 2008)
3) Experienced board of directors
- Dan MacInnis, P.Geo, is President of MAG Silver (Amex:MVG)
- Dave Pearce, CFO, was a founder and former director of MAG Silver
- Tim Coupland, President ofAlbertaStar (TSX-V: ASX)
4) We own or will have earned our interest in all of our properties (other thanMacInnisLake) in 2008 - no major annual work commitments required
5) No debt
6) $7.3 million in cash and equivalents – approximately $0.34 per share in cash; currently trading slightly above cash value.
7) Diverse property portfolio in politically stable, mining friendly, jurisdictions (Alaska,Nevada,New Mexico,Arizona)
8) Diverse geographic portfolio – can work almost all-year round on properties in southwesternU.S.
9) Drill success in 2007 inAlaska(for molybdenum) and uranium (New Mexico). Follow-up drilling already permitted for 2008 and scheduled to commence in June.
10) Drilling and exploration to be conducted in 2008 in Nevada for molybdenum and gold and in Arizona for uranium. These properties were just acquired in late 2007
Take a look at these points, go to the website, do the research and you will see all the positives with this company.
Cheers
Please do your due diligence.