OMH - OM Holdings interest in the Waddikee lease will ensure Monax will be around a lot longer or at least until this time next year. If the $2 million that OMH will spend over the next 12 months uncovers some interesting minerals then they may just stay with MOX a lot longer.I thought that Farm In and Joint ventures was the way to go for Monax considering there current bank balance. Anyway it is a positive sign and at 8.5 cents it is the cheepest stock around . Not much downside risk but plenty of opportunity for some percentage gains over the next 12 months.
MOX Price at posting:
7.7¢ Sentiment: Hold Disclosure: Held