BFE 0.00% 1.3¢ black fire minerals ltd

fraser range-the big picture +maps, page-27

  1. 1,653 Posts.
    Brilliant detective work again John!. If I could add you to my favourites twice I would do so.

    Based on your map I've put together a comparison table of companies in the area. It shows clearly how far under the radar this little gem has flown. I think BUX is the best direct comparison given it's cash position is similar and both it's tenements are next door to each of BFE's tenements and well as the two mystery blocks.



    A note about BOA, it's just listed and opened way above IPO price so I've used the IPO price as it's baseline.

    Given the performance of other stocks in the area and the almost complete lack of attention BFE has so far received it's a pretty good bet this will run now that it's been noticed. If BFE could match even the worst figures in this table we'd see a high of 21c. But that's comparing against ENT, BFE hold 6 times as much land in the NW corridor. A rise in the order of BUX would see highs in 40c region... Who know if BFE will pull it off but now the cat's out of the bag it will be worth watching closely...
 
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Currently unlisted public company.

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