Tretchikoff; Agree with you and i was thinking the same when BUX and MAT was rising on back of Sirius.
Let's go back to look at some FA & TA for past 3 months. In August SIR was at 5.7c, BUX - 9.5c and MAT - 12c. Yes SIR deserves to go up where it is now due to their real discovery. However, BUX and MAT went up all together though intially they didn't announcement anything to go after soil sampling or EM survey due to NOVA discovery. Similar to BFE; they focused on their ongoing projects. I bought SIR and sold it taking some profit. I kept watching MAT & BUX but was very cautious not to buy until they announce for real action and i can get assay results. However, market wasn't patience like me and i kept watching them going to 30c-40c and over. I could have bought MAT and BUX when they were trading at current BFE price, but my analysis made me wait and then had to pay premium to board a train.
BFE still trading at its average of past one year and lot lower than past 3 years avg. So even they find nickel or not, it won't go much lower than now. However, if they find Gold as per initial strategy would be good and if they find Gold + Nickel would be even much better.
From past experiece, i can conclude that SP might be trading to 10c or over in next one month.
*My HC friend; above is all IMO. Please do not buy or sell reading this article. Please DYOR before making any decision.
BFE Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held
