BBX 0.00% 24.0¢ bbx minerals limited

"Both results come from material that is described as “fresh...

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  1. 697 Posts.
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    "Both results come from material that is described as “fresh dolerite” but one sample indicates a first pass recovery of gold of 49.3%, whilst the other only gives a first pass recovery of 7.8%. Considering the premise is that the gold is very very finely locked up in the rock in some weird homogeneous ionic form, this result seems to show that the extraction process contains a large degree of unreliability when it comes to extractable gold."

    We are only dealing with small samples given that they were taken for diamond drill cores,and hence this may partly be due to sampling error which is compounded in a multi-step extraction process. While we expect that given the gold in an ionic form would be evenly dispersed,there is a possibility that it isn't and there may be multiple gradients within the "fresh dolerite".

    Agree that it would be nice to see more consistency, but given that elements are not created or destroyed other than by nuclear fusion or fission,it is probable that the upper finger is a more accurate indication of what is there if the ore is homogenous.

    It is the uncertainty that makes BBX such a challenge but it is the risk/reward matrix that is so attractive.It is assymmetric, pointing to the upside.Once the risk is removed,the price will be multiples of where it is now....and then comes FOMO.....

    The team won't stop until they have "cracked the code" so to speak.The orebody is just too large to walk away from!
 
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