Ann: Gold Extraction Results from Ema and Tres Estados, page-149

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19/08/17

17:02

Post #: 26609676
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Originally posted by Maltisani ↑

Excerpt from The Australian article:

Warwick Grigor, who has spent decades working and investing in the junior resources sector, is among those deeply cynical about whether BBX and its discoveries will ever come to anything. His main concern is whether the assaying methods of BBX will ever be able to translate into an economic commercial-scale processing plant.

“At the end of the day any of these fancy grades they are reporting are meaningless unless you can apply the methodology not just to getting an assay but to pouring gold bars. No one has ever been able to do it,” Grigor tells The Weekend Australian. “These guys will just be another casualty, as will their shareholders.”

Grigor, who runs Far East Capital, says he has seen similar examples of mineralisation in the past that usually “ended up being scams or they never went anywhere”.

BBX, he says, would have to buck the trend if it was to convert its finds into viable mines.

“BBX seems to be specialising in the business of using its proprietary assaying techniques to demonstrate gold where no one else can find it,” he says.

“Bravo. Alchemy is alive and well.”

I love a Speccie as much as the next bloke and hope you all make bucket loads out of this....but I wouldn't touch it with my Mother in Law's money.

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In all fairness, can't you post the BBX comments too? Thanks

BBX Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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Ann: Gold Extraction Results from Ema and Tres Estados, page-149

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