BOA shareholders will have to be very patient but in time, the...

BOA shareholders will have to be very patient but in time, the potential rewards could be great. They are managed very conservatively and still have sufficient funds on hand to thoroughly explore their Symons Hill leases. Shares in BOA are very tightly held and if they do find some nickel, buyers will have to pay up to get a slice of the action.
There may not be any serious drilling until the last quarter of 2014 because management is intent on defining targets first rather than drilling into the unknown and hoping for the best.
Management should be congratulated for keeping running costs to a minimum. If you doubt this, please take the time to compare BOA with MAT (check quarterly financials).