Just imagine the dilution BUX would have to endure if the company did all the resource drilling/concept study/permitting and approvals (including native title agreements) , PFS, then a DFS. The cost to the company would have been huge, probably $50M + in that part of the world. Agreed, BUX can now sit back and let IGO do all of the heavy lifting whilst they look for the deposit with the $6M they have in the bank. A sensible approach. Fully endorsed. Cheap buying for this stock. IMHO, DYOR.
BUX Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
