BBX 0.00% 24.0¢ bbx minerals limited

Ann: Exploration Update, page-51

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  1. 11,185 Posts.
    lightbulb Created with Sketch. 2609
    You are misleading people. A resource however loosely you want to calculate it implies an expectation that it can be economically exploited based on certain gold price assumptions. The company is not in any position to declare a resource so by you throwing estimates out there you are misleading people as you are making numerous assumptions that you and the company can not validly make.

    The company in this announcement describes the pilot plant as a semi commercial trial mining plant which doesn’t have strong implications IMO for it creatimg company sustaining cash flows. Esh

    “BBX has commenced testing three types of furnace that could potentially be utilised in the Company’s pilot/semi commercial trial mining plant.”
 
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