As I can see Will is starting to froth at the mouth again with wilder and wilder predictions, I thought it a good idea to put all of these in context with the real world.
The worlds richest mineral deposit is Olympic Dam, it has about 6Bt in Resources, Au/U/Cu/Ag, which are valued at about $100 per tonne, which gives it a in ground value of about $600B
Venezuela has the worlds largest oil reserves at about 300B barrels, current price around $50 a barrel, so in ground value of $15T.
Depending on how much happy juice Will has has the value of BBX ore goes from 1oz/t to 5oz/t as he says above, so up to $8,000t tonne. Now I've seen claims of multi-billion tonne resources which equates to multiples of $8T, and I'm not including the PGE's and other metals claimed.
The claim here is that BBX is sitting on more value than any Company, or in fact Country, in the entire world.
Just think about that for a minute, and ask yourself is that plausible?? That is the claim that is being made here, the scale is up to 50 times larger than the largest known orebody known to man, that was discovered 45years ago and has had many billions of $$ spend to develop it, and it's still not fully developed and probably need another +$50B for it to be at full capacity.
Some seem to believe here that these orebodies which are 50 times larger will be developed for $20m and the the gold is so easy and cheap to extract that the Company will have unlimited wealth.
Why do I post this, cause I don't want someone to invest in Wills pipedream without understanding how extraordinary and farcical it really is.
Tubber
BBX Price at posting:
17.5¢ Sentiment: None Disclosure: Not Held
