With the placement of the remaining shares Monax should have around $2.1m in the bank, pluslots of action happening this quarter. A market cap of $4.2m is extremely low and offers massive upside for very little downside.
For a junior explorer it is in the outstanding buy category. Most explorers when they are drilling really good targets get to around $30m market cap. If we got there before any results, it would put the price to about 15c, so 2.1 is an absolute steal.
MOX Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held