some info n talk on mox

Mineral exploration companies routinely talk up their prospects.

That's their job.

MONAX MINING (MOX) was no exception when it said on Friday that
an airborne survey of the Ambrosia uranium prospect in South Australia
had provided "spectacular results".

But it went one, no several, better when managing director
Michael Schwarz started to wax lyrical.

The survey provided a clear picture of a potentially
uranium-bearing palaeochannel, he said.

Explaining the geology of palaeochannels, Mr Schwarz said:
"Imagine huge rivers, as big as the Fly River in Papua New Guinea,
meandering across the Gawler Craton in South Australia's north.

"The flows must have been huge.

"This is what we had on Ambrosia.

"The whole climate and environment was very different 45 million
years ago when these river systems were forming.

"Ambrosia was covered by rainforest and the climate was almost
tropical."

Ah, (sigh!) those were the days.

Monax rose 5c to 23c and closed at 21.5c.

The stock was listed on September 21 and had opening day sales
up to 40c.