MOX 0.00% 0.2¢ monax mining limited

Ann: Maiden Drilling Program Completed at Mt Ringwood-MOX.AX, page-15

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  1. 454 Posts.
    I agree Yakooza, it could be taken as a sign of confidence in the results, I certainly do, poor results could kill them, excellent results? well........5c+?

    One would hope that there would have been discussions re the timing of the share offer with regard to drilling results, and one would hope that the Board has some understanding of what has been found or not. But until the assays come in it is a bit of a gamble on their part.

    This will be where it can get interesting, if for example there is visible gold in the sample bag (quite possible based on the rock chip samples they have shown us) but for whatever reason it doesn't show up well in the split that is assayed?

    This happened to Havilah and their Portia Mine, they actually had to accurately weight every sample and then physically remove the gold from the bag visually I think it was to get an accurate grade.

    Remember out of a 10kg sample only a few grams (if that) are actually assayed, easy to miss out on the "nuggets".
 
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