All of these numbers are very difficult to get your head around unless you are working at the coalface (Nickel Face) I would reckon that BUX management and the head geologist would have a reasonable understanding of the geology after spending a fair bit of time on the ground there in the last 2 years.
There is no doubt that there is nickel present at surface and at varying depths in ground as per previous exploration announcements.
Your previous post indicates that the average nickel content is a smidge less than .6% at Mt Keith.
The very limited assays available after 2 years of exploration at Double Magic show that the nickel intercepts are quite shallow.
I stand by saying that an average grade of .6% or better in large volume could provide a mining opportunity for BUX or others. It is very early days and this program could go on for a few more years yet before we get a definitive result from Double Magic.
BUX are explorers who think they are onto something big and are in the very early stages of the current drilling program in an attempt to find the motherlode. Every hole drilled will provide the geologists further valuable information in order to plan further programs. A lot of work to be done yet IMO.
- Forums
- ASX - By Stock
- BUX
- Ann: Additional Data on Sulphide Abundance
Ann: Additional Data on Sulphide Abundance, page-48
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BUX (ASX) to my watchlist
|
|||||
Last
6.9¢ |
Change
-0.001(1.43%) |
Mkt cap ! $14.40M |
Open | High | Low | Value | Volume |
6.9¢ | 6.9¢ | 6.7¢ | $16.90K | 247.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 6.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.9¢ | 46198 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.063 |
1 | 20000 | 0.060 |
1 | 17171 | 0.030 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 161840 | 2 |
0.075 | 97308 | 2 |
0.079 | 55130 | 2 |
0.084 | 149000 | 3 |
0.085 | 139749 | 2 |
Last trade - 15.03pm 30/08/2024 (20 minute delay) ? |
Featured News
BUX (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online