Ann: Gold Extraction Results from Ema and Tres Estados, page-187

Hi Esh

Given the company remains in suspension due to a further query, I have a question in regards to what they have stated in the first query:

"Despite extensive development work conducted in laboratories in Brazil, Australia and Canada BBX has been unable to produce consistent, reproducible analytical results from mineralised rock located on its Apui projects. The Company is therefore focusing on extracting the precious metals from bulk samples of this complex mineralisation in order to provide a reliable estimate of the recoverable precious metal content."

Unable to produce, consistent, reproducible analytical results. It's open to interpretation. Could that mean they have only reported on the assays that have shown mineralisation and haven't reported the assays that haven't reported mineralisation successfully? I don't recall any recent assays reported that have produced zilch, only that the assays have not been consistent in recovery. I find that statement a little ambiguous or is it wholly a statement focused on the fact that essays have varied from .49 - 360g/t.

They say extensive development work in Australia, Brazil and Canada has been done - hard know what 'extensive development work' has been done at each location and what it covers ie whether it required the use of grab samples for assay. I'd hardly call the amount of assays reported thus far as 'extensive'. So is this extensive development work purely theory based? or are there assays that haven't been reported.

My initial thoughts are this may be part of the reason why a follow up query was sent but I'm really not sure.

I've had a long couple of days and it's hard to know if I'm just reading a play on words, interested to hear your thoughts.