I took a position in MOX over the last few days on the basis that it holds some very strategic ground on the Eyre Peninsula the new hot zone for Australian junior explorers.You couldn't get a much better spot for MOX sandwiched as it is between IVR to the north and this weeks bolter AXE to the south.Also interesting to note that MOX is currently drilling at Polinga and Jamieson Tank,which happen to lie very close to AXE's recent graphite discoveries at Sugarloaf and Campoona. Whilst graphite is not what MOX is drilling for I am sure they'll be keeping a close eye out for graphite and if any quantity turns up then I expect a rush as people try to get onboard.You can see the location in the first collage. The second map gives you an idea of the proximity of MOX ground to IVR's vast holding I expect that today's unusual volume was a result of a few people waking up to MOX's ground position.With a current EV of only $3M I think MOX offers a good risk reward ratio
for this next map : Red = ADN Dark Green = IVR Light Green = TRF Light Ochre = MOX Red Brown = AXE Rust Brown = RNU Orange = LML
Disclosure: I currently hold MOX,RNU,ADN,IVR,TRF,have recently traded AXE,LML but taken my profits and will wait for a retrace before considering again You will need to open the post in full view to see the full collage
MOX Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held