I think the point Freehold made on the other thread sums it up. It's still un proven until they do some assessment of the size of the deposit and some drilling to sure it up.
As TheArchitect said though, very tiny market cap and low amount of shares so plenty of upside if they can get a bit of good news on this front.
Ann: Monax to acquire prospective gold project-MOX.AX, page-80
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