I think there is a middle ground between your view and...

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fmx_rider

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18/01/19

14:19

Post #: 37156868
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Originally posted by tubber: ↑

If what BBX report is factual, then everything I have learnt over a 30 year career is wrong and/or obsolete. These unremarkable rocks contain more precious metals than has been produced over the last 10,000 years as well as all currently known conventional resources.

As BBX didn't specifically target this small area of the Amazon, I can only extrapolate that a vast amount of the area contains similar rocks with similar fantastic levels of precious metals. Therefore in the future, these metals are not in fact rare and they will not be significantly valuable. If BBX reports are factual, we will then see a global shake up as the value of gold will plummet by as much as 99% due to BBX's ability to product the metal in vast amounts. They will then cease production as with such low commodity prices it will be uneconomical even given grades 100 times higher than convention mines. Gold will therefore become a historic curiosity and people will say, I can't believe it was considered so valuable when it is more common than pig sh!t.

It's a bleak and dystopian future we face if these report are factual.

Alternatively, BBX reports are all a load of pig ....... You decide DYOR

Tubber

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I think there is a middle ground between your view and Midnights.
Large scale mineralised intrusives, highest grades (0.5-1oz Au + pgm ) in oxide and top 20m of fresh, more moderate (1-15g/t Au + pgm) grades below.

BBX Price at posting: 15.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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