I dont think you can take 8 drill holes from one target area and write the company off. They have 12 target areas to drill and 94 more drill holes to go on with.
You have been posting about silica levels on various forums since the price was less than 10c. Time will tell, but you would have to agree that at this stage, the market disagrees with you as the price has gone from sub-10c to a high of 55c in that time. The market cap is probably a bit high for the stage they are at which is why there isnt too much buy depth currently, plus there are still more heritage issues to sort out.
Why would Red Rock/Pallinghurst invest in a 10% stake and Andrew Tsang a 24% stake in Mindax if they didnt think it was a good investment and have the potential to hold a sizable DSO deposit?
MDX Price at posting:
48.3¢ Sentiment: Hold Disclosure: Held
