The reason why is precisely what Smite said. Drilling is...

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Midnight26

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02/05/18

00:02

Post #: 32814235
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Originally posted by eshmun ↑

Maybe instead of deriding people who are asking legitimate questions with childish made up acronyms you could just answer why the company is forecasting a spend of only $260k during the current quarter. It doesn't seem very much to progress any mining or exploration project when you consider staff and admin costs of $100k are also forecast to come from this amount.

The question is not if money will be a problem, more....... why aren't they spending an adequate amount of money and why are they reducing forecast quarterly expenditure from $583k to $260k (with only $160k allocated for exploration and evaluation)? When is the money going to come to back all these claims?

And by the way you state

"Possibly the group I now refer to as the negative innuendo crowd are feeling a little foolish for missing out on the early recognition of the potential of this resource."

Technically there is no resource and there is unlikely to ever be a JORC resource until they can come up with an acceptable assay scheme. Esh

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The reason why is precisely what Smite said. Drilling is expensive. Running the pilot plant, sorting out the assays and other matters are not expensive. We've got ~3500m to assay so no need to drill.

If BBX need money they'll get it because the winnings are going to be astronomical. Give up mate. You've got no idea.

BBX Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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The reason why is precisely what Smite said. Drilling is...

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