It was good to see management keeping shareholders informed on where they are at - perhaps they were prompted from comments on this site?
This first bit of deep drilling will be very exciting for BOA. Just a few metres of nickel sulphide could see the SP over $1.00 and then if it turned into a deposit $10.00/share will still be cheap.
The big bonus with BOA is that there is very limited stock available - from memory I think that close to 80% of shares are held by management and seed capital investors. This means there is only about 9 million shares out there in public. hands.
As mentioned before, this is only the first of at least 10 priority one drill targets for BOA on this lease so even if this first target fails, there is still plenty of exploration scope to follow. Also BOA is the only company in the area which holds leases on the important North-East trend from Nova/Bollinger. All of the other Fraser Range hopefuls that have drilled to date have not been on this trend.
Of course everyone has to make their own investment decisions but for me, BOA is still the most under-valued player in the Fraser Range. Current market cap is only approx. $7M and they have more than $2.3M in the bank
Good luck to all and roll on April.
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