MOX 0.00% 0.2¢ monax mining limited

ev of $4m and 2 high impact funded cu projects

  1. 7,117 Posts.
    Some info on MOX
    1. Cash and stock $8m Market Cap $11.5m so EV of $3.5m

    2. are funded on three different projects by JV partners
    this is important as it means that NTA figure of $8m wont get erroded with lots of exploration costs


    3. 30% funded interest at Punt Hill by a major Chilean Copper Miner who must spend $10m to earn 70%
    Abuts the Carapateena discovery and todays report compares the geoligical setting to Olympic Dam

    See ARE AXT and TAS for examples of a few other Olympic Dam hopefuls

    4. 50% funded interest at Melton near RXM's Hillside this is a significant discovery and values RXM at close to $500m
    drilling about to recommence

    5. 40% funded interest by OMH for Manganese cant say much about this project but has obviously caught OMH's eye


    looks cheap would love an article commenting on todays Olympic Dam
 
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