EM results from VTEM surveys are great. BUX have 3 promising projects on the go with Yalbra, Zanthus & Widowmaker, however they'll have to focus on one project at a time. Exploration is very capital intensive! I'm sure they won't have trouble raising funds but they won't be able to fund and coordinate exploration on all 3 projects simultaneously. If EM results from Widowmaker identify potential drill targets then I'd expect to see the other projects shelved for now. But, NBH bought in based on Zanthus didn't they? They're not going to want BUX to shelf a project they paid top dollar to fund!!!
Interesting times ahead!!!
survey, page-30
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