Looking at the Mongolata Project (Gold), it appears MTN sold the tenement EL3164 to PNX which their IPO listing was mostly comprised of. It appears nuggety so IMO prehaps, we may look forward to some high g/t assays.
EL3549 (directly adjacent to the Burra Central Tenement) was bought from CRJ in early 2009.
NB. I am sure the ex MD of Newmont & ex MD of Mistsibushi Australia is fairly confident of the exploration success in extensions of the Monster Mine. The 6 month contract with the drilling company is of note.
Then we have the tenement next to RXM (which has not been granted) but looks very likely to be very soon.
The $4m in cash should get us through.
PNX Price at posting:
20.5¢ Sentiment: LT Buy Disclosure: Held
