BBX 0.00% 24.0¢ bbx minerals limited

100% ore! Avg 40g/t Au 1km x 200m to EOH all holes, OP mining 2019, page-39

  1. 697 Posts.
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    Given the technical difficulties with extracting the gold, a pilot plant to" prove the concept" of the extraction technology is the sensible way to go.This was forseen by the company long ago and will provide a firm basis for financing, otherwise they naysayers will say that the concept and process is unproven and not deserving of finance.

    A successful pilot plant will de-risk the financing stage and open up other avenues other than equity dilution e.g. forward gold sales, or a Caertesian Royalty holdings type deal.

    Equity raising would be a fall back, but might be taken up by another cornerstone investor in the industry.

    ....just think'n......but appreciating that the company is making the right moves.

    Once a JORC is out,there will be a sudden and major re-rating.I wouldn't like to be standing on the sidelines watching the biggest ship of the century sailing off into the sunset.
 
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