I think this is a good announcement. new targets identified with no historic fossicking, old targets re defined. A farm in partner to shoulder the burden if developed into an income producing asset. Maybe not a tier 1 or 2 asset but a potential money maker with half the risk and half the reward (thanks to a farm in. Not sure on the costs to develop it or even if it is feasible, yet?
This further exploration and new finds does add value. like a treasure chest. we now have the key, we have shaken the chest and it is heavy, now we need the crc to loosen the lock and get a look inside (drilling or more exploration/JORC) further down the track obviously.
This could give us some much needed regular income cash flow, or at least a more salable asset. Every dollar spent is returning multiple dollars.
look after the pennies...
- Forums
- ASX - By Stock
- BMB
- peelwood announcement
peelwood announcement, page-4
-
-
- There are more pages in this discussion • 33 more messages 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 BMB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online