I honestly believe that a reliable assay scheme is just pie in the sky for this compamy and they will never be able to produce a JORC compliant resources.
A reliable assay scheme relies partially on the ability to feed standards and blanks into the sample stream in order to see how far the actual assay results are away from the standard to determine if assays are to be accepted or rejected (ie re-assayed). As the gold mining industry has advanced the standards and blanks are most typically supplied by independant third party accredited companies. In BBX's case there will be no ability to source standards externally as the "ore" has it's own and unique properties that can't be replicated. I put the word ore in inverted commas because at this point in time the company has no ore reserves or resources in the accepted sense of those words. Are the markes and it's regulators really going to accept/trust BBX's in house assay scheme and in house QC/QA, if and when they ever declare it? Esh
BBX Price at posting:
12.5¢ Sentiment: None Disclosure: Not Held
