BOA 0.00% 2.4¢ boadicea resources limited

Ann: Ground EM identifies significant conductor, page-41

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  1. 187 Posts.
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    Shakinthat - I am not certain if HC will do a comparison but just to help out, I have prepared the following summary. This should help you to "connect the dots". And if I see one more post on the WIN wall emphasising the fact they only have 88M shares on issue, I will be sick........
    Also these figures should provide some indication of which company will be asking shareholders to open their wallets in the near future.

    Column 1 Column 2 Column 3
    0
    BOA
    WIN
    1 Conductor announcement
    Plain, straight forward and to the point. BOA management has a very conservative approach to the way they report.
    Totally overboard and “bigger than the Titanic” with many references to Nova similarities – all of them based on “maybe’s”.
    2 Conductivity differences
    “Ground EM has identified a deep, high conductance conductor consistent with a massive sulphide source”.


    After viewing a number of recent posts to the WIN wall, it appears that high conductivity does not really mean a great deal.
    “Strongest conductor identified by Windward to date, with many similarities to the original EM conductor that led to the Nova discovery”.
    3 Trend line preferences
    Nova and Bollinger appear to be on a North-East trend line. Sirius has subsequently identified another 3 or 4 conductors further North-East and just South/S-W of BOA’s border. From memory I think they have drilled one of these conductors and it was barren. No doubt they will test the others at a later date or when more info is available.
    BOA’s conductor is on part of this North-East trend.

    WIN’s conductor is away from this North-east trend and is probably South-East of Nova. They have put forward a case that their conductor sits between two interpreted linking structures/faults between Nova and WMA1.
    Only drilling will show if this is correct or not.
    4 No. of shares on issue
    45.8M
    88M
    5 Current market cap
    $9M
    $34M
    6 Exploration expenses for the 6 months to 31/12/2015
    $156,000
    $1,796,000
    7 Administration expenses for the 6 months to 31/12/2015
    $154,000
    $518,000
    8 Cash in bank at 31/12/2015
    $2,420,000
    $3,700,000
 
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