RE: TARGET PRICEGaryM,,,these are my thoughts as well and the only reason why it is so low is that new dollars coming into the market have so many other good companies to consider as well. MXI should be one of the first "out of the gate" due to closing on such a great deal with IAMGOLD.
To have this much money($1.5MM) coming into the companies treasury with no stings attached will place MXI in a secure financial position. Then to have $10.5MM dollars committed to drilling the Mali gold property will give years of continued upside potential. So yes, a near term of $.30 or so seems more than reasonable as a first step towards recovery. I am also looking beyond the short term and see several more opportunities for large % moves. So I am guessing MXI could go from $.15 to $1.50 with some early drilling successes....C.Gert