BBX 0.00% 24.0¢ bbx minerals limited

100% ore! Avg 40g/t Au 1km x 200m to EOH all holes, OP mining 2019, page-240

  1. 697 Posts.
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    If BBX's ore were only palladium at the current assay grades it would probably be in the top percentile of global orebodies for palladium.
    Here's a historic list of producers with the 10 th being Xstrata at 43,000 oz- bit to find reliable info.
    https://www.thebalance.com/the-10-biggest-palladium-producers-2339734

    However from thenNth Amer Pall website
    "
    As a rare precious metal, there are very few palladium producing regions worldwide and few known economically viable ore bodies.
    Forecasts indicate that Russia (38% share) and South Africa (40% share) will account for three-quarters of global palladium mine production, with important contributions coming from North American (14%) and Zimbabwe (6%) (source Johnson Matthey, 2016).
    Growth in mine supply is constrained, largely owing to:
    • Political, infrastructure and cost issues in South Africa;
    • Relatively constant palladium production in Russia; and
    • The very small number of new projects on the horizon in the near future."
    ....well,someone may have to rewrite this.
    and from their last quarterly report
    "
    • Underground production was 565,277 tonnes (6,144 tonnes per day) at an average grade of 3.2 g/t this quarter compared to 500,560 tonnes (5,441 tonnes per day) at an average palladium grade of 3.8 g/t in the third quarter 2017.
    • The Company produced 56,852 ounces of payable palladium at an All-Inclusive Sustaining Cost1 ("AISC") of US$733 per ounce compared to 53,118 ounces of palladium at an AISC of US$688 in the third quarter of 2017."
    Just grist to the mill and hopefully inspire some further rational discussion.
 
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