These results just basically confirm what they had aready indicated in previous brumby ridge drilling updates earlier this year. I wouldn’t have bought in in hope of brumby ridge after previous updates pointed to these results. It’s more about the potential of the other targets that have been drill and along the brumby ridge fault.
Yes everyone was excited about brumby ridge results initially when discovered but since then we have been sold off back down to a the same if not a lower Market Cap before BR discovery hole. So in my eyes there is not much valued in currently for brumby ridge, just the potential of other targets that have been drilled and other future targets. If Brumby Ridge had hit broad mineralization we would be at 100mil mc + probably not 10mil MC.
Personally I see minimal downside vs huge potential upside if we were to hit some decent mineralization in next results later this month.
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