This stock could go along way. The first hurdle was cleared today, closing of the SPP. It will be very interesting what number of shares the directors took. If they put their own money on the line, then I think we are away. This could be 20c by the time they start drilling, giving a mkt cap of only around $30m, the sort of price these juniors go to with a good target as they start to drill. Diamond hole drilling will give us some lovely pictures (hopefully) long before any assays become available.
Friday will be the first interesting day with notification of undersubscriptions, hopefully directors change of interest as well.
Of course there is the background of rising zinc and lead as well, so at some point these juniors will start to follow the price.
GLTAH
MOX Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held