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Drilling by November --------------------------- November is...

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275

13/08/17

14:50

Post #: 26466561
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Originally posted by Nodferatu ↑

"BBX is in the process of applying for a trial mining licence at Tres Estados and Ema to mine up to 50,000 tonnes of ore at each tenement which is expected to generate positive cash flow for the company. "

I find this so strange. It just doesn't add up with the current information on hand. All a bit back to front imo.

Drilling by November. Bummer, I'm intrigued as to why a company would commit to risking share holder capital at such an early stage before even poking a hole in the ground.

Let's be real, taking economies of scale into consideration, it's highly unlikely to generate any meaningful cash that will help in the LT to develop a sustainable project. Funds would be better utilised fast tracking to delineate this supposed 'world class deposit' and bring it to jorc standard so they can get finance to develop.

I guess we'll have to wait a bit longer to see how the story unfolds.

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Drilling by November
---------------------------

November is when the rainy season starts and this area is a high rainfall zone. There's also problem of indigenous rights, leases, environmental permits, and the big one, destruction of the Amazon rainforest, so I hope no environmentalists own shares in this company.

BBX Price at posting: 20.5¢ Sentiment: Sell Disclosure: Not Held
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