BBX (ASX) 100% ore! Avg 40g/t Au 1km x 200m to EOH all holes, OP mining 2019

Originally posted by Nodferatu: ↑

Clearly you missed the point. The point was you wouldn't sign off a resource as there is a low level of confidence associated with information gathered and released thus far, even though you (an anonymous poster) claim on here it's a dead set certainty. That's the difference between making exorbitant claims in online forum and/or making them in the real world where there is a possibility you may be held liable for your words/actions. The accountability and liability for claims made on here is low. The title of this thread, along with many other of your chosen words on here may even question your understanding of the JORC code, which is odd considering you claim to be a geologist that can sign off a JORC as a competent person.

By late 2020 BBX plan to only have a 25-50t per day operation. That's still 1.5-2yrs away. A 25-50 tpd operation will not give BBX the lofty valuation many here proclaim. The valuation will be limited by cash flow/profit valuations (none of which is known or will be known prior to operation), which of course could be well north of the current SP, but most likely much less than an in ground valuation of a huge delineated deposit with the potential for a decent percentage of speculative valuation thrown in on top. So, why wouldn't they drill out as much as they can in the mean time to capitalise on (typically) the largest company growth phase for shareholders? I.e discovery through to delineation of a deposit. Oh, it's because they are intentionally trying to fly under the radar? that's a rubbish excuse in an attempt to justify how the company with the 'worlds largest' Au,Ag,Pt,Pd deposit in existence (with 1800m drilled) still flounders circa $50m MC instead of a $500+m MC. Unless of course you believe BBX has already had it's largest growth period and now needs to pour dore bars in order to increase it's value further?

BBX is not a secret company, it's a public company out there for all to see and disseminate. It has also gathered numerous publicity events over certain periods. Many good geo's would have cast their eye over it by now. People either aren't convinced by the story thus far, or don't believe they'll ever get approval to mine such a rich deposit - once they have proven the minerals are extractable on a commercial scale that is. Personally, if everything you have said becomes reality, I very much believe the issue of approvals and allowing an aussie junior to hold the key to controlling global financial markets will come into play - but that's just me. No further drilling highlighted in the next 2 years, no feasibility studies to determine/assess risk and any modifying factors before spending 10's of millions of $ (or maybe more) - seems blatantly irresponsible for a public company using shareholder money imo. But that's all irrelevant apparently..

Time will tell whether a handful or two of people out of hundreds of thousands of potential investors will be the big winners. There's still a few more twists and turns in waiting for this story to unfold imo.

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Hahaha, yeah right. Many good geos? I doubt it. There ain't that many around.

Of course I wouldn't sign off on anything right now Captain Obvious - there's not enough results, but there is enough results and there has been for a year now to know what's coming and THAT is how you make money on the stockmarket.

That's the big difference between your position and mine. I'm talking about the future based on what we know now but you can't see it.

Some people lack the ability to make a call using the existing data so I guess they're gonna miss out. Shame you've spent so much time on these threads and you still don't get it.

Hahaha, yeah right. Many good geos? I doubt it. There ain't that...