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-109

  1. 4,791 Posts.
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    I hear you Drakeman. I suspected that's where your upside was. As BBX keeps stating, the biggest variable in the results is the extraction efficiency, not the grade of the rock.

    It follows that results yielding the highest grades are the most accurate measure of the grade because they are getting closer to 100% recovery. Even the best results are probably suboptimal. The lowest grade results are more likely to be poor efficiency extractions which failed to extract much of the gold.

    There are so many parameters involved and they have stated that they need a bigger pilot plant to control the smelt conditions so it would be a reasonable to assume that say 90% of the existing results are failed extractions. If you take the top decile from the results to date the avg grade is going 163g/t or about 5oz/t. Add in the Ag credits (~2oz/t) and you have 7oz/t.

    You mention timelines and CRs but they just raised ~$3M via options conversions and the most important timeline is the countdown to the SP blastoff. I'm guessing that 100m diamond holes assayed from top to bottom going ??oz/t will put a rocket under the SP and it looks like our first assays could arrive within a few weeks.
 
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