MONAX MINING investment case., page-14

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Dianella 68

717 Posts.

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11/11/17

09:12

Post #: 28700046
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Originally posted by Ashen ↑

Nice research Danny. Lithium would be a nice bonus.

For what is happening in MOX, at 5M the MC is just too low. This week 0.007 and 0.008 supply were wiped out.

Ian intends to build another ramelius. I expect a JORC which surprises the market, and within the announcement a toll treatment arrangement disclosed. The mines will bring short term cash generation which will negate need for CRs. MC at that point will be minimum 20M+ so easy 4 bags from here with this current price atm IMO. In the medium term from there i expect he will be working towards securing projects that can build up a resource potential of and deliver 100k Oz Au generation. He has a proven track record of negotiating deals with favourable outcomes and im confident he will deliver, highly likely he has the ducks already lined up as hes put his own cash in at 0.007. MC from there, well only need to look at Ramelius where Ian left to join MOX.

Ramelius have 40% intetest in this project so they also obviously know from their own geological information on the tenements that the JORC will be juicy and they want a slice of the pie.

Thats how i see this playing out and so far it is progressing nicely.

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Just to put the record straight.
Ian Gordon left Ramelius in June 2014.
He did not leave Ramelius to join Mox.

MOX Price at posting: 0.8¢ Sentiment: None Disclosure: Held
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MONAX MINING investment case., page-14

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This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

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'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip