BOA 9.09% 2.4¢ boadicea resources limited

The detailed survey also indicates to me that the mother-load of...

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  1. 2,721 Posts.
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    The detailed survey also indicates to me that the mother-load of Ni / Cu may not be as large as we all expected to be as they are narrowing the search to a more refined detailed. The chances of a massive motherload of Ni/Cu would be there if they did the first survey and were confident in drilling after that, but they decided to burn more cash and to do another detailed survey which sounds to me that the area of the motherload may not be as large as we expected it to be

    Its a needle in the haystack, presumably if they happen to win the lottery and find the Ni /Cu, the Ni / Cu prices are at their worst and so even if they did find Ni / Cu, its not reflected on the true price that they can leverage compared with the boom time prices of Ni / Cu a few years ago.

    This stock is starting to become more like a drag than success, in this type of slow economy environment and lack of confidence in their survey's. This stock at this current environment 18 cents a share is hyped

    IMO DYOR
    Last edited by Durr_Trades: 02/09/15
 
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2.4¢
Change
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2.4¢ 2.4¢ 2.4¢ $2.208K 91.99K

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