10 million at 20 cents, page-46

The odds of drilling one hole in the desert and finding 3% Ni are very slim. But now that this one hole is a reality, the odds that this one hole is the only hole is also slim. What we don't know is how many more holes with 3% Ni are we going to find. In other words have we found a mineable resource?

By going for a CR straight away, BUX are going to give Double Magic it's best shot and why not? Discoveries of this nature are very few.

The odds of success are still small but that one hole has shortened the odds in our favour. Certainly worth a punt.

I expect the share price to slide slowly lower over the next couple of weeks. Not because the news is bad but purely because there won't be any news.

Some who can still make a profit will sell. Others will hold. Others may top up. All this activity will have nothing to do with what's happening on the ground. The lower the volumes the more volatile the share price movement will become. There will be many wild prophecies branded about.

The wise will know otherwise.