BRU 7.50% 8.6¢ buru energy limited

MST Access 39c risked - $1.62 unrisked, page-59

  1. 100 Posts.
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    What I know is that volume increases as a cube of distance so that a relatively small change in seismic measured distance implies much more significant changes in resource volume. 700m cubed is only about half 900m cubed. Our resource estimate will be greatly dependent on luck.

    If we do get a good seismic result, the market will react cautiously as it has for any bit of good news put out by Buru in the last couple of years. I don't think the share price will be rocketing upwards.

    Getting funding in place will be really important.
 
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