It is so good to see some action at last in Monax , turnover today above the 7 million so it looks as though someone has taken interest at last and all because of Graphite. OM Holdimgs (OMM) have the right to acquire 60% of Waddikee but only for Managanese as Iron Ore by spending $2 million over 4 years. In all the rounds of drilling at Waddikee for Managanese and Iron Ore at the moment there is bound to be be Graphite in the Mang and Iron assays as well and if the Drilling comes up trumps it will be all Monax's 100% of the Graphite. So that is a blessing. But the Graphite is in the Argent area and I have been looking up other sites in respect of grades etc and this project site at Argent is matching some of the heavyweights and especially the Jumbo sizes etc. Now all we need is to see how far the extensions of Graphite are extended on this area and the waiting as a long term holder of Monax since IPO is going to be well worth it. The most unlikely base metal can you imagine that. Heres hoping that this is the start of a big graphite mine and the making of Monax .
MOX Price at posting:
7.6¢ Sentiment: Hold Disclosure: Held
