Trial open cut mining planned: ~100Koz pa Au at a conservative 1oz/t Au, page-52

First 52 Last

Share
Profile

Follow
Midnight26

4,791 Posts.

385

25/07/17

18:32

Post #: 26072043
Share

Originally posted by eshmun ↑

Firstly I'm still a small shareholder as I put my shares in the bottom draw after the initial "we can see the gold and some silvery metal but don't get any results in assays disaster" but sold half my holding the minute the SP kicked up above my buy in price.

What I think the discussion is missing is that the processes for solving the metallurgical extraction of the "ionic" gold may well have been solved in a lab but whether those processes scale into an economically viable processing plant at mine scale is still an unanswered question.

I also think some people here are extrapolating a little too far given the data available. Anyone believing that the entire gabbro unit is mineralised to the level of the bulk sampling averages (based simply on the fact it is fresh rock) is putting a lot of faith in the sampling program not having any sampling bias and the actions of the geologists and people within the company. Remember this is ASX and if things don't work out to expectations no one gets put up against a wall with a firing squad. Some caution is required considering the value of the stock and the fact no resources exist yet. A very unusual company to try and do peer comparison against. Esh

Expand

That didn't take long. I've said this before but I'll say it again:

Which part of

"exceptional levels of precious metals can be recovered by relatively simple refining techniques";

and

"both processes used in the test work can be simply adapted for commercial extraction"

can't you understand, or did you miss that critical element?

BBX Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

US election outcomes: Key economic and market takeaways

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 142 more messages in this thread...

First 52 Last

Add BBX (ASX) to my watchlist

Trial open cut mining planned: ~100Koz pa Au at a conservative 1oz/t Au, page-52

Top Stories

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

US election outcomes: Key economic and market takeaways

Power gets set for 1000-metre maiden drilling program in Brazil

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News