BBX 0.00% 24.0¢ bbx minerals limited

I'm wondering why if the results from the recent metallurgical...

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  1. 11,185 Posts.
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    I'm wondering why if the results from the recent metallurgical testing are true, the company is only planning to have cash out flows of $260k in this current quarter (down from the $583k spent last quarter).

    Surely if the results are believable the company should be spending millions on getting things going here. Something doesn't add up. Where is the real financial support for this story. We are told the gold is there. Why aren't people throwing money behind this to get this pilot plant up and running. Is it that the costs of the process are just too high or don't people believe the gold is really there. Surely the company can give some idea of the quantities/costs of the reagents and energy involved so as to prove, at least on paper that the process is metallurgically cost effective. So far we don't have any clear statement in this regard. It's been left up to HC speculation and uninformed assumptions that the high grades will cover any costs. Esh
 
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