Congratulations to BOA's management for "keeping a lid" on administration and exploration costs. I doubt if any other Fraser Range hopefuls could say they only spent $74K on admin for the last quarter. It is also good to see that there is still $2.4M cash in the bank to fund ongoing costs.
The BOA team has been very methodical with their approach to explore their well situated claim. I note from the quarterly report that they estimate they will spend $233K on exploration for the next quarter so it would be fair to assume that some drilling will be included in that figure.
The results from the latest ground EM survey will be very interesting because the area covered is very close to Sirius' claim and of course is on trend from Nova etc. According to the activities report, the results should be available within 2 weeks.
IMO 2015 will be a very good year for Boadicea and patient shareholders could be well rewarded. As I have mentioned before, Boadicea's shares are tightly held with not many available to the general public. If they come across anything decent the share price could sizzle.
Cheers and all the best for BOA in 2015 - I hope it ends up Allgood.
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