Short Term Trading Week Starting: 28 Sept, page-255

STTCOMP BUX, FA Long

Company BUX
Market Cap – 10 million
Cash - ~3.2 million
Shares on issue – 88.5 million
Share Price 0.110

Drilling phase 2, follow up drilling of Conductors D,C and new potential targets from the EM survey being complete. Intentions are to drill an addition 20 holes ~2500m. 9 holes have been drilled at conductor D to determine the extent of the mineralisation. Discovery was found from DMRC0003 – 17m @ 1.78% Ni, 1.16% Cu from 46m, including 8m @ 3.05% Ni, 1.88% Cu from 50m.

From phase 2 drilling the company have announced that 3 additional holes have reported visual nickel-copper mineralisation. (Assays pending drill holes below)

• DMRC0016, 12m of nickel-copper (including 5m massive sulphides)
• DMRC0017, 10m of nickel-copper (including4m massive sulphides)
• DMRC0019, 10m of nickel-copper (including5m massive sulphides)

Results should be out sometime very soon. (Have a feeling this week). SP went from 10c to 28c based on that 17m intercept, hoping a repeat when these are released.

As always DYOR