MOX 0.00% 0.2¢ monax mining limited

re:trading halt still a chance with rdm, page-16

  1. 3 Posts.
    re: re:trading halt emset Bandulap,

    GUN's first hole did find Cu (of IOGC origin) but was only 3-4 m section at 550 m from memory. Second hole found nothing (well IOGC mineralisation.............haematite breccia as host rocks).

    XStrata has reviewed these drilling results and aerial surveying info, and have announced that they believe that GUN's second hole was o/side of the orebody?? ( if you can call it an ore-body ) So they are starting a drilling compaign targeting where they believe a deposit may be.

    XStrata are thorough so if theres somethingto be found ,then I expect them to sniff it out. XStrata have 60% in JV

    Should make for some interesting movement in the sp pre-drilling

    On top of this , for (currently 28c ) you get a mineral sands play which is almost at DFS , awaiting EPA approvement etc, and looking good

    Great value for money if you ask me, even if mnagement does seem a bit slow at times to make things happen!!

    Good luck with your MOX. I reckon that the grades will be good, cos I have never seen such support at such high levels for such a speculative stock. Someone must know something

 
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