The falling Braz Real is a good reason why the Brazil Government should be fully behind BBX's project for sorely need export income.It would become a nationally significant project for Brazil.It could change the meaning of " a brazilian"....sort of like a gazilion if you get my drift.
...but then ,when has logic really set a government into action? More likely to intensify the state of stupor as the disease of manyana grows ? I hope not.Once it is realized what a huge resource is there,it would be nice to see the whole thing fast tracked.
And in case anyone was wondering,my previous post about the rednecks and their smeltering was a poor attempt to inject some humour as we wait.Am happy for Jeff and his team to take the time to get it right.
As Midnight has clearly pointed out,this is potentially a humungous resource and it would not be well accepted by the market unless the means of extracting it was not available. This may be one of the few stocks on the AUS bourse that has a $100 party.Andy may hold it in his UK castle.
BBX Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held