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-556

  1. 4,791 Posts.
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    What risk?

    More delays with the permit are possible but significant delays are unlikely. Hardly a significant risk.

    They've got an extraction method (requires optimisation).

    They've got an assay method (requires optimisation).

    Existing results that are just scratching the surface point to a world class resource (the assay results will tell us how rich it is).

    Access to capital won't be a problem as their capital requirements are tiny (~$10M) and they might even be able to self-finance the plant build.

    The main problem I've got with it is the slow startup production rates but the SP will be in the $$$ before we get close to mining anyway. cool.png


    Last edited by Midnight26: 13/02/19
 
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