There seems to be an increase in momentum (or buying up) as supply is running dry. Once CXO's hype goes down, others will look to other resources. Now if you do some research, it says that Litchfield is approximately 100km away from CXO's tenure and CXO only managed to find 0.8% on their surface samples and they found . If we have found roughly 8% on the surface samples with a few around 2% and some others around 0.3%, this means MOX should be able to find good grades & widths of pegmatites underground.
I was on the phone with Investor relations and I am a little disappointed that Gary has decided to go and evaluate Croydon & Ringwood, rather than continuing with Litchfield but he must really believe that the gold there is significant and was missed in the drilling last time.
I wish as well that it wasn't just Gary but we had another geologist on the ground, working on a project and Gary working the other so that we could receive news from more than one project at one time.
MOX Price at posting:
1.2¢ Sentiment: None Disclosure: Held
