MOX 0.00% 0.2¢ monax mining limited

Ann: Mt Ringwood Gold Project Update, page-26

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  1. 208 Posts.
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    Would MOX become a next TRL? I have missed TRL run on early Jan/2016 when its gold assays result announed on 19/01 price has jump from 1. 3c to 4.1c after trading halt then over 10c within 3 weeks and today still close 8.9c at $34m Mc.

    IMO MOX are very similar to TRL 4 months ago, both exploring for gold in Tanzania
    TRL shares was issued under 300m plus 41.21m options on early Jan/2016, Mc was under $4m
    MOX currently issued 303m shares with Mc just under $5m

    MOX has collect total 355 samples as per Ann with 106 samples contain 1g/t to 3090g/t gold mean the opportunity ratio is 29.8%, not sure the rate is worth to bet? but I can't ignore the sample contain 3090g/t
    Lets keep fingers crossed for MT Ringwood drilling results wish it would better than Winston project

    Pls DYOR
 
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