The latest addition to BOA's tenements has certainly added some value to their assets - it was probably the "pick of the shelf" from last Friday's ballots for leases in the Silver Knight area.
I am very surprised that Independence has not come forward with some form of offers for BOA's blue chip real estate. Let's face it they forked out over $40M to Mr Creasy and Windward Resources for some ordinary leases and have commenced joint ventures with a number of smaller explorers who have leases in the Fraser Ranges. Maybe BOA's latest acquisition will force their hand because it is common opinion that Independence will most likely takeover and run the Silver Knight operation when it is developed.
If Independence don't step up to the plate, it could easily open the door to other larger nickel miners to approach Boadicea with some tempting offers. Should that happen the current share price looks very cheap.
