BBX normally have 1 CR each year and we did that in May. There's enough in the kitty to install that pilot plant to generate revenue so there won't be another CR this year IMO.
They delays setting up the pilot plant mean we might need cash for the commercial plant build but the SP will be well north of 50c by then once the assay results make the headlines.
"fund a JORC resource"? - That won't cost much. Not in Brazil.
"scoping study"? - Not required. Once we finalise a plant design we can start building it.
BBX Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held