BAS has climbed quite a lot recently on broker tip sheet speculation that the property it holds in Bass Strait (mostly in partnership with EBR) is quite undervalued given prospectivity and excellent 3D siesmic coverage. Bit of a long term hold that one..Has always been on the cards that this interest might spill over into EBR given the link between the two and the more active nature of EBR at the present time (BAS are in a waiting game for rigs and JV partners to fund drilling).
Bit like me..just waiting for Cultana approval (if it ever happens)..nothing like a copper/uranium play in South Oz to awaken interest in this sleeper!
EBR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
