Has been very wet up there in the Kimberly's so wouldn't expect any drilling for some time yet. Whilst on the ground activities have been in recess during the wet, i would have thought that the SP may well have receded below 10 cents.
IMO the SP has held up remarkably well during this period.
Questions that come to mind are
1) Have they planned a further drilling program?
2) If the answer is yes, then when will it commence, weather permitting?
3) Has there been any corporate interest or activity from some of our bigger players like BHP, RIO, IGO, OZ or any other base metal/nickel miner?
4) With roughly $3 million in the coffers, will there be a capital raising in the next 3 or so months?
Another interesting period from now until October could see the BUX SP head back towards 20 cents IMO depending on answers from the above questions. Worthy of a punt? possibly.
BUX Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
