Ann: Exploration Update, page-34

Hi Midnight26 and all,

I doubt financing a mining operation for BBX will be a major problem going forward. Possibly some people just don’t realise that the two by 50K ore treatments through the trial mining plant could produce more Gold than some current mid-tier Australian producers.

I have been watching the hyper inflation story out of Venezuela with interest. Take a very wealthy oil producing nation, an ultra-socialist government with grand ideas and little IQ and add in some old-fashioned US political interference and you have a recipe for disaster. There are several other countries around the world at the moment that could follow the Zimbabwean and Venezuelan examples possibly one that may have a big effect on Gold could be South Africa.

Who knows maybe one day the ever-growing debts in the USA may have a similar effect in Australia or even America!

I am more than happy to wait and see what the production rates are through the trial mining plant once the final approval is given and the mill starts rolling.

In the meantime, we can enjoy the musing of those trying to pour cold water onto our current roaring Brazilian bonfire! However, we should applaud these commentators for trying to protect unsuspecting potential investors from entering a particular stock, their altruism is like a breath of fresh air.

I would suggest that any potential investor in BBX would do well to read back over the HC threads and the many articles to be found in the public domain. Completing ones own research and due diligence is in my opinion paramount prior to entering any stock.

Those that don’t understand this geology and it being mastered by technology, the possible size of the eventual resource or have concerns about future financing are probably wise to stay out of this stock.

Of course, we are aware of the inherent risks in the exploration sector including sovereign risk; however, sometimes I feel the risk reward ratio is worth a small punt.

Personally, I have more concerns about a left-wing government being elected in Australia than I do in Brazil.

Cheers and very best regards: Andy