BBX 0.00% 24.0¢ bbx minerals limited

Ann: Exploration Update, page-15

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  1. 4,791 Posts.
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    Ya think? More research required mate. There's no way in hell Drake and their friends will let this project stall through a lack of funds. The banks (if we need the them) will be on their hands and knees begging to get a piece of the action when we announce +50Moz JORC and we've got a pilot plant spitting out gold-silver-PGM bars every week. Any funds will be easy to come by and on very favourable terms. A 1-2tpd pilot plant will provide some decent cashflow on it's own ($10-30,000/day).

    Every stock has an opportunity cost to holding but we're gonna be producing within weeks progressing to commercial mining next year. Most mining companies need to spend 3-6 years drilling out the resource and conducting mining studies (with lots of CRs) before they can even reach the stage where they can approach the banks and any mining can proceed. Anyway, with ~5% free float I reckon it's too late to try building a large holding.
 
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