Ann: Additional Pyrometallurgical Extraction Results, page-109

If BBX only transforms into a mid-tier miner, which is not unreasonable given the signs, at the current SP price its a risk worth taking. High risk high reward, if it wasnt risky the SP would be through the roof.
Given the Directors credentials and experience outlined by Midnight26 above, its not beyond their capabilities to transform this exploration company into a miner. The chairman and the chief executive have done it all before. Lets just assume they can take this to mid-tier.
For comparison I look at two mid-tier goldies that I have in my portfolio:-
Evolution Mining.They mined 803,476 ounces of gold at an AISC of A$1,014 per ounce. 1.6 billion shares issued, market cap $4 billion share price (up and down depending on gold price) currently $2.42.
or the more junior
Saracen mineral Holdings. 807million shares Market Capitalisation: A$944,289,421 share price A$1.165 (and I’m down 29% atm on these)
Now BBX will probably only have 400m shares issued to achieve junior miner status (well perhaps another 50m to 100m shares)? Who knows, but judging by the achievements of the team so far the share price could achieve $4 to $5.
This company has potential and thats what punters are currently buying into.