BUX 2.63% 7.8¢ buxton resources limited

Ann: Double Magic Ni-Cu Project Exploration Update, page-42

  1. 12,312 Posts.
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    You seemed to have developed a certain level of negativity, probably because of the steady fall in the SP in the last few weeks. I can understand your anguish but one should remember that we are all holding a stock that is very speculative. It is an exploration play and a developing story as each hole is drilled in a very new provence. I think so far, all but 1 hole has produced nickel, albeit of grades that appear not to be economically viable. They announced the discovery of a new conductor as a result of DHEM. They said it was very strong and that they would probably have a better understanding, if not by the weekend, then within a few days after. As I said in a post a few days ago, Can they find the source? If so game on. I am quietly confident that this current drilling program will give management plenty of encouragement. If so there may well be further drilling in the pipeline. Make your own decision but I am not giving up yet.
 
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