Ann: Exploration Update, page-20

Gosouth - you probably remember when Twiggy of Fortesque FMG was first looking to mine iron ore at I think it was Cloud Break or Christmas hill , he was going to use a roadheader/surface miner machine , and every one (including myself) thought he was crazy due to the high wear on the picks against the hematitite/goethite ore
Anyway he did it there was a lot of wear on the picks but the share price went up a few thousand percent after that.
Just because some one/company is not conforming to the norm does not mean the project is spurious , I doubt BBX will get a JORC due to as you mention the non conformity of the metallurgical testing and wait times for results , but I also doubt that will stop BBX from mining given the grade of the ore bodies and intercept widths, nor will it be stopped from lack of finance as they can fund through equity or hybrid equity /finance options like C-Notes
Wish I had bought some FMG back when all the experts had said twiggy was crazy.