What we (MOX) have is the ability to raise money in the market, something the owners apparently do not. Pump and Dump? we are holding at 1.5 (at least until some prick sells $10.00 worth at 0.8, and this has happened regularly with MOX) 100+% up on where we were a few days ago with the opportunity to raise a few dollars to move forward on this project.
Works for me.
As for the geology, well narrow vein gold is difficult to define and can be nuggety and inconsistent, but you average it out over mineable widths and hey presto you just might have a paying proposition. Check out what the mine grade is for similar narrow vein projects (2-3gpt, IIRC) and we might be in with a chance. Nothing wrong with 1900gpt in places if it is surrounded by lower grade but payable material. For that info you have to map, do structural analysis, geochem and DRILL. There are no short cuts.
Still a dammed good prospect that may or may not come to something.
I suggest you all go and google up the old mines on our properties and and have a look at the NT government geological data and the production from them in days when gold was significantly lower in price, that should put a grin on your faces, I know it put one on mine.
MOX Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held