why is the sp so low?

A general question, why is the share price so low?

Monax seems to have some very good ground for IOCG deposits with several targets identified and a joint venture partner who is picking up all the bills for the work being done on the tenements including Monax's salaries, so no cost to Monax.

The Waddikee graphite project at Wilclo South is one of the best around with very good grades and flake sizes and a JORC resource due end of the month and open at each end, and potential for a duplicate or better deposit at Francis

I would have thought they are vastly under valued.