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0.2¢ monax mining limited

As heretofore corrected (apologies): Estimated EV 31.12.14:...

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Slider on the black

1,630 Posts.

27/11/14

18:41

Post #: 14367177
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Originally posted by Slider on the black ↑

From Managing Director's presentation:

Market Capitalisation $3.0M
Cash (as at 30/09/2014) $2.4M
Thus:
Enterprise Value $0.6M

However:
Cash (as at 30/9/2014) $2.4M
Less: expected cash outflows $1.2M (per the 30/9/14 Appendix 5B)
Estimated Cash 31/12/14 $1.2M
Thus:
Estimated Enterprise Value 31/12/14 $1.2M

Also from Managing Director's presentation:
Results for the two holes totalling 2045m completed at Punt Hill, are expected mid-December.

As such:
Punters (including Antofagasta) await!

PS: Also from Managing Director's presentation:
Parndana Project
(100% Monax)
Geophysical and drilling program completed.
Results show significant chargeable and resistive anomalies,
not tested by recent drilling.
Detailed soil sampling program recently completed to assist with locating drill holes

Follow-up soil sampling program recently completed, results pending.

Expand

As heretofore corrected (apologies):
Estimated EV 31.12.14: $1.8m.

ABC News 19/2/2008:
'Mining revival possible on
Kangaroo Is.'
. . . . Monax . .

27/11/2014:
Mum's still the word.

MOX Price at posting: 1.4¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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