MOX 0.00% 0.2¢ monax mining limited

large buy order over 130000, page-5

  1. 269 Posts.
    re: 2nd hole results I am a MOX fan, but compare the MOX visuals with what CDU put out today... now that is a core sample. According to MOX's lead geologist, he would be looking for atleast 1% Cu at that depth to even be economical... which translates to the market probably expecting 2-3% and reacting negatively to anything less from the second hole. Personally, I think MOX will be economic on the Punt Hill tenement, but I am not sure if they have hit the best stuff yet... an neither should anyone have expected them to so early into the drill program. It is probably a good longer term play... but for the short term traders... they want super results yesterday or they will lose interest with so many great short term plays available at the moment. MOX is going to have to come up with something special in the next assays to set holders at ease and claw back to past prices.
 
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