re: Ann: Antofagasta commits to next stage of...
Gary, we are all waiting for the next boom, but Monax and Antofagasta have identified targets for drilling Q1 or Q2 2014 and are doing detailed gravity to tighten the targets up. Diamond Drilling to 1500+ meters is not cheap, takes time and you want to be sure you are drilling the right target. They have had some good intersections at Punt Hill previously and have now refined their targets. The Punt Hill area is very prospective and I think this renewed commitment from the Chileans speaks volumes about Monax's projects.
There are no guaranties in small cap greenfields exploration companies, they require the faith of their investors in their ability to recognize worthwhile targets and to help fund them to explore those targets.
It is obvious not many current shareholders appear to have the dream otherwise the SP would be higher because people would not be sell "Beer Money" size amounts to drive the price down and the CP would have raised the money they wanted to fund further work.
MOX Price at posting:
2.4¢ Sentiment: LT Buy Disclosure: Held
