If we remember back a few years, widowmaker in the Fraser Range was all the rage. I remember speaking to Eamon about retaining a 10% interest in this area instead of taking several million dollars more for selling off the entire tenement. He replied that the 10% could be worth a significant amount if another SIR type deposit is found. By the wording in the announcement he sounds quite excited again about its potential. Perhaps the 10% will actually add some value to us down the track and was a forward thinking masterstroke ? At least it may provide an update in the near term, else I can't see much else being released for the next few months.
Regional exploration activities by IGO continued during the quarter, with five priority targets on Widowmaker being the most significant identified to date. Buxton eagerly awaits further exploration updates from IGO.
BUX Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
