BBX 0.00% 24.0¢ bbx minerals limited

It doesn't take a genius to do the maths and work out what the...

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  1. 697 Posts.
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    It doesn't take a genius to do the maths and work out what the gross income is likely to be.
    Midnight spelt this out long ago and tried to be conservative.
    It appears that:
    1.the assay method will be the recovery method and this significantly reduces uncertainty.Just compare the situation with OGX where the assay method was different to the recovery method.
    2.The assay method-and hence recovery method- is probably an under-estimate of pms present and we might find that a larger scale operation is beneficial
    3.Try adding in the gold equivalent value of silver and other pms.
    4.The resource size is probably a gross underestimate
    5.Approvals are 99.9% certain particularly with the new government
    6.The cost of the smelting process is unknown,but even if we have to double smelt our ore is slightly more valuable than iron ore!
    7.Just so happens that power for pyrometallurgical extraction is cheap in Brazil.

    Once the milestones are actually coming through, the share price will move in a trajectory that is rarely seen.
    I expect hiccups along the way,but that's trading,but make no mistake,this is the opportunity of a lifetime IMO.
 
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