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24.0¢ bbx minerals limited

Thanks Midnight. It helps me understand the bigger picture...

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triosrimbarkos

93 Posts.

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19/04/18

15:09

Post #: 32560765
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Originally posted by Midnight26 ↑

Personally, I sell a stock when the downside risks are palpable and the chances of the stock bagging again are fading, or a better opportunity can't be ignored.

I can't see myself ever selling out completely because it's a SHG gold stock which limits the downside, there will always be exploration upside, continuous reserve upgrades and production ramp ups and massive dividends once we're mining in earnest. I reckon I'll struggle to find a better opportunity for a couple of years at least.

Initially production will be haulage\mill-constrained, but the profits will de-bottleneck production so as the bottlenecks are removed production will step up and costs per ounce will become almost negligible which means profits and dividends will constantly increase.

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Thanks Midnight. It helps me understand the bigger picture here... but whats a 'SHG' gold stock?

BBX Price at posting: 25.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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