From my minimal knowlege of magnetite Fe deposits ideally the recovery grade above 68% so these results suggest BUX is getting there on average - the bait here in the recent annoucement
�We have over 20 strike kilometres still to test including several areas that report a higher
magnetic response than that seen at Cohen. This is a significant discovery which is
enhanced by being only 25km from the Trans Australian Railway�.
Also a large resource defined is required for economics. Hopefully a GEO here enlightens us further.........!?!?!
Any better results would be a significant re-rate - at moment as per annoucement very speccy but IMO worth a punt as $8mil fully diluted and the options at 30c and 40c could see $2mil in the bank - the proximty to the train line is the clincher... we do not have a stranded resource 25kms from rail which means closer to cashflow with minimised capital required than many peers...
- Forums
- ASX - By Stock
- bux in the announcement in the news
From my minimal knowlege of magnetite Fe deposits ideally the...
-
- 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
7.5¢ |
Change
0.006(8.70%) |
Mkt cap ! $15.62M |
Open | High | Low | Value | Volume |
7.4¢ | 7.5¢ | 7.2¢ | $3.217K | 43.74K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7247 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 4550 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7247 | 0.070 |
1 | 3065 | 0.069 |
1 | 45000 | 0.066 |
1 | 150000 | 0.065 |
2 | 110000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 4550 | 1 |
0.079 | 96336 | 3 |
0.080 | 37303 | 1 |
0.084 | 149000 | 3 |
0.085 | 174749 | 3 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
BUX (ASX) Chart |