BUX 2.63% 7.8¢ buxton resources limited

Ann: Quarterly Activities Report, page-3

  1. 2,170 Posts.
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    They are taking a defeatest attitude.
    A 5 parts per billion gold anomaly in calcrete is no big deal.
    A few shallow drill-holes to bedrock with grades of 1 g/t would may burn some cash but would make this target much more attractive.

    Are the directors prepared to spend some money on a punt? Is this not what risk taking is all about?

    "Methinks" the directors trying to "stretch out" the +$3M that BUX has in the bank in order to get more directors fees over a longer period of time while appearing to be conserving the shareholder cash. This is a common ploy by small exploration companies.
 
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