Over the next month or so I believe that the share price will be heading North on this stock. With cash on hand and a number of projects running in tandom I see little downside risk from its current price . To help my theory along the way we have the Waddikee joint venture with OMH .Percussion Drilling commenced on their regional sites on the 4th March to extend the length of mineralisation horizon to 6 kilometres . Good grades are noted but a true reading will be gauged when Diamond Drilling takes place at Jamieson Tank Mid April .That is when an accurate reading will eventuate and that is when things will get interesting on that project . Melton Project commenced drilling with Marmota on the 16th March and by now at least one or two holes would almost be complete . Usually the cores will show visible signs of copper and if the magnetic zones are a replica of Hillside RXM then the possibility of traces of copper therefore are very realistic. Then we havePunt Hill joint venture , the gravity survey is just about complete and drill sites will be determined very shortly. The technical aging process has determined that the structure is the same as Carrapateena and very close to the same age as Olympic Dam .Anyway that is my prediction and my hard earned will be on in the short term . I do my own research and this is only my theory taken from published facts.Lets wait and see what happens now.
MOX Price at posting:
7.0¢ Sentiment: ST Buy Disclosure: Held