John I did some reading of AXEs previous announcements and I think that graphite maybe visible in the drill coarse though in no way can the quality or grade be determined
But still this means that even though they are looking for Manganese and Iron Ore if they do hit Graphite they should be able to see it in the core
That being said its clear AXE are a serious graphite play whereas I'm not sure about MOX as they maybe focused on Copper, this is why I bought them in the first place.
Then again both AXE and MOX have farmed out their Copper projects to BHP and Antofagasta so perhaps like AXE this will give MOX the flexibility to focus on other potential
Regardless its hard to ignore the market cap difference between AXE of close to $25m and MOX which is capped at $6m
MOX Price at posting:
4.0¢ Sentiment: None Disclosure: Held