Ann: Further High Grade Rock Chip Results from Mt Ringwood, NT, page-8

pump and dump ? from 0.007 on 13/10 to 0.014 on 28/10

not half bad

i also don't understand why people keep saying we are paying $25k for the deposit..

We are issuing 14,000,000 MOX shares to the current owners
14m x 0.014 = $196,000

+

The Option to Purchase arrangements allows Monax to explore the tenements for two years
and if Monax elects to purchase the tenements outright, Monax will pay each vendor an agreed
cash settlement.

Monax has also negotiated a Farm-In deal with North Queensland Mining Pty Ltd (NQM) for two
Exploration Licences (EL 29966 & EL 29976). Under the Farm-In deal, Monax is required to
spend $200,000 over 4 years to earn a 90% interest in the Exploration Licences. If Monax
holds a 90% interest in the Exploration Licences, NQM can elect to contribute to future spending
based on a 10% interest or convert its interest to a 1% NSR.

So the owners are well and truly retaining an interest in the tenements.

Laraway, are you saying that the agreed payment after 2 years will be $25k ? am i missing something ?