bux in the announcement in the news, page-3

From my minimal knowlege of magnetite Fe deposits ideally the recovery grade above 68% so these results suggest BUX is getting there on average - the bait here in the recent annoucement

�We have over 20 strike kilometres still to test including several areas that report a higher
magnetic response than that seen at Cohen. This is a significant discovery which is
enhanced by being only 25km from the Trans Australian Railway�.

Also a large resource defined is required for economics. Hopefully a GEO here enlightens us further.........!?!?!

Any better results would be a significant re-rate - at moment as per annoucement very speccy but IMO worth a punt as $8mil fully diluted and the options at 30c and 40c could see $2mil in the bank - the proximty to the train line is the clincher... we do not have a stranded resource 25kms from rail which means closer to cashflow with minimised capital required than many peers...