IGO 0.81% $4.91 igo limited

re mrx buy

  1. 647 Posts.
    Why did IGO spend 11 million buying into MRX

    I'll have to answer that myself, please edify me if I'm wrong.

    Under shareanalysis there is a Blue book on mining companies written by Aegris Reasearch - MRX is trading at 11c, but they valued it a while ago at 17c and it sounds like they will soon be into processing Copper. It looks like a good company and it is cheap entry into a Copper producer with huge upside at the current Coppper price..

    There we have it, another reason IGO will continue to prosper

    So I went and bought 50,000 at 11 cents a share .

    Cheers from the one eyed nickel head

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