MOX 0.00% 0.2¢ monax mining limited

re: still speculative though Despite the hype, still a risk...

  1. 1,104 Posts.
    re: still speculative though Despite the hype, still a risk guys.

    Potential for a massive olympic dam type deposit going on prior releases. If confirmed, forget $2. It could go over $10. The intersections announced were massive. If economic grades are encountered over the whole intersection, we are probably talking up to 1 billion tonnes here based on my prelim calcs. The anomalies drilled are huge and they have 3 confirmed IOCG systems (or one massive mother..)

    Despite that the key are the assays. It will confirm whether it is likely to be economic. But, Hole 1 is probably not going to be great based on core photos. Hole 2 may be ok, hole 3 good. If hole 1 releaed first - market will be disappointed.

    Further drilling may also have discovered something though?
 
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