They are in survival mode but are also cashed up and in desperate need of a new project that is tier 1.
Unfortunately for them it means having to go exploring again, rather than just mining.
And they list two of BUX's projects as their most prospective.
So they need to make some hard decisions and if they decide BUX's land is their best choice they will go in quickly and big.
Hopefully they make a decision soon on their 2024 drilling campaign, along with BUX getting a hole or two in their 100% owned land.
Very speculative still, thus the share price, but huge possible upside.
The risks vs reward of speculative mining companies, admittedly few of which succeed.
Milesy
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5.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.02M |
Open | High | Low | Value | Volume |
5.7¢ | 5.7¢ | 5.7¢ | $13.15K | 230.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15439 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.4¢ | 107537 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15439 | 0.056 |
1 | 400000 | 0.055 |
1 | 98039 | 0.051 |
1 | 70000 | 0.050 |
1 | 25000 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.064 | 107537 | 1 |
0.065 | 20000 | 1 |
0.068 | 42857 | 1 |
0.069 | 49000 | 1 |
0.070 | 300150 | 4 |
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