BUX 3.92% 5.3¢ buxton resources limited

My two bobs worth - not so much what is there now (more on that...

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  1. 323 Posts.
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    My two bobs worth - not so much what is there now (more on that at the bottom of this) but what is next? I think they have the ability to go back in pre-Christmas but it's all over red rover when the wet starts until Q2 2018 earliest if you want to do cost-effective exploration. So based on one hole having potentially economic (looks that way in the core) and the other holes indicating a significant, magmatic, Ni-Cu system, then its a real quandary.......

    a) rush back with a bang a few more holes and hope to jag it (remember nickel sulphide orebodies are not volumetrically massive beasts) and risk killing the investor dream if you don't match or exceed the last hole, or
    b) wait until 2018?

    from what I know about Eamon, he will be back in a flash if he thinks he has the odds on his side (not a guarantee, but just a good shot) and we will know pre Christmas sales period if this is a belter or not. Should it not be rekindled in 2017 then I would hold off topping up until people need spare coin for other things and the market dries up when the cricket is on the radio over summer.

    best of luck investors.

    Geology - this is a great discovery based on good science. That does not mean it makes the company or investors money but it is good work to conceptualise, acquire, raise capital, drill, discover to date.

    I have been in and out and watch this one as I like in stock that's made me money.
 
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