MOX 0.00% 0.2¢ monax mining limited

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    ASX Ann. 24th October reads:

    "Under the agreement, Antofagasta can earn a 51% interest in the Punt Hill project by committing
    US$4 million over four years. Once Antofagasta has obtained this 51% interest, Monax has the
    ability to remain at 49% by co-funding exploration or development costs, or can elect to have its
    interest diluted.
    Antofagasta can earn a further 19% equity in the project by expending a further US$5 million on
    exploration and development of the project tenements. If a development decision is made,
    Antofagasta will pay Monax a success fee of US$10 million."

    As I read it, MOX only giving away 51%. Can elect to contribute & stay at 49%. Who would complain if you have 49% of an Olympic Dam.
 
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