re: Ann: MOX: Monax to retain 50% interest in... I have been...

re: Ann: MOX: Monax to retain 50% interest in... I have been looking for some time for stock with limited downside but with exclent upside.

I bough MEU.

1.cash backing 7.8c per share.
2. drilling highly prospective tenament (copper) next to RXM ; if stike something similar to RXM that should give them add them at least 30c - 35c per share;
3. Uranium ( not being in favour now) they have higly prospective tenamnt and aim to have JORC of 5mln tone of uranium by year end ( drill will be announced shortly) - that should give them at least another 15c per share;

So i look at it as low risk but good short term gain company.

I consider number 2 and 3 as high probability 60% chance of sucess.

let see