BUX 4.23% 6.8¢ buxton resources limited

Ann: Commencement of Drilling at Sentinel Project West Kimberley, page-8

  1. 3,927 Posts.
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    Been calling it a no brainer for a while.

    Plenty of cash now and almost no cashburn given most exploration is free-carried. That means no CR's for a long while.

    Eamon personally executes lots of the geology work and survey reviews so the corporate overheads is actually saving what you'd otherwise pay consultants to do.

    Market finally starting the realise that maybe australia's highest grade graphite project with a large percentage of the flake size is amenable to supply anode/spherical market and a resource of 280mT at 0.8% which is now a 50:50 partnership with an 8bn companies might actually be worth something.

    Funny every time i see a copper hit 25m's at 0.5% and the companies worth 50m...
    Try having a resource that's already worth 26bn in ground value and know that's it's not been explored with modern techniques for 60 years.

    Been a slow burn - but companies in a solid place now.

    SF2TH
 
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