I am actually considering a direct investment in MEU as well rather than just exposure through MOX...reason I chose MOX for now is because of the attractive rights issue, not just their MEU shares though that was a big factor. Also, the fact that MEU has an SPP plan at the moment was another reason I went for MOX instead.
One thing that has flown under the radar I believe is MEU's alliance with Ramelius to look for gold projects in Nevada (US).
When it comes to gold mining these days you don't automatically think of the US as an attractive place. However in 2004 Nevada was actually the 3rd LARGEST producer of gold GLOBALLY.
And with the strong Aussie doller, it's a great opportunity to acquire assets in the US dirt cheap.
Of course, nothing may come of it...but its defintely worth watching for any news on this front.
Cdchi1
MOX Price at posting:
8.9¢ Sentiment: LT Buy Disclosure: Held
