Still plenty of upside for a stock that has been over sold. It must be remember that Sirius( NOVA) struck on its last drill / legs - patience is a virtue with this stock. Some say it's like hitting a needle in a haystack but they have a huge haystack of potentially fertile ground. Mount Ridley Mines
Similar to BUX, Mount Ridley Mines (ASX: MRD) offers strong leverage to exploration success.
Management has been frustrated recently with drilling issues and this appears to have rubbed off on its share price. However, the fact remains that the company’s 1000 square kilometres of tenements are in the right address, being situated in the Fraser Range, relatively close to the Nova Bollinger deposit. While management has struck some hurdles recently, it is worth noting the progress MRD has made and the stage it is at in terms of identifying mineralisation that could provide significant share price momentum.
DYOR
MRD Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held