Not sure what you mean by delay. If it's in March 2016 that's perfectly normal. its physically impossible to get a rig out there during the wet. Every creek is flooded and the roads are all mud.
It's very rare in exploration to get a target as clear cut as this one.
Mafics present in a folded structure, under cover, where the EM corresponds to the folded basal contact of the mafic intrusive, in an area where you are dealing with very conductive ore hosted in very resistive host rocks.
Moreover a distance of 7 km in these sorts of systems is tiny. Every one of the neighbours EM plates had Ni and Cu in high concentrations but unlike Bux where the strongest EM target (15,000 s) ha a strike length of 25 m here we have something that's deeper, has a response of 10,000 to 12,000s and a strike length of 350m. That's a target worth perusing. And given that at 0.2 c the firm has a MC of 2 million that's a good punt.
RMR Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
