BBX 0.00% 24.0¢ bbx minerals limited

Whatever assay method that is eventually derived doesn't just...

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  1. 2,582 Posts.
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    Whatever assay method that is eventually derived doesn't just need to come up with the right answer -it needs to be able to be done in a mine based laboratory and be cheap per sample.
    For mining, an assay method is needed for hundreds of samples per day from grade control drilling.
    To manage a processing plant to achieve optimum metal recovery/costs, fast turnaround is required to manage the process circuit.
    All the mineralogical mystery about BBX's project needs to be turned into an assay method something manageable, timely and cost effective.
    All doable, but how long will it take?

    And will banks finance a project like this? Probably not, they hate risk. So any investment decision needs to consider that any mine built here will be 100% equity financed (=dilution).

    Not a holder. I am happy to watch on. There is an opportunity cost to holding on whilst they solve a mystery.

    Gosouth
 
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