"no one will put the money in to dig a big hole in the ground in the remote Amazon jungle”
I agree it’s a foolish statement if this was the case very few mines would ever be developed. If the ROI is good enough money will not be difficult to source. There will always be nay-sayers out there; however, unless they are making a compelling argument I tend to ignore them. Trying to urinate on the BBX bonfire after the latest exploration update sumary is as futile in my opinion as trying to talk me out of my holding with nothing more than negative inuendo!!!
I will be the first to admit my eyesight is not the best these days; however, even I could clearly see those Gold buttons extracted from the ore and I doubt the management team would risk their reputations by falsifying the specific weight of the Gold content.
I’m sure Dr Hugh Abercrombie (geochemist 40yrs experience) or Meg LeVier (analytical and process chemist 30yrs) would not come on board if they also had doubts!!!
I’m happy to wait a little longer with this very interesting little explorer, I am also aware of the risks in the exploration sector, however, in this particular case I find the risk reward ratio is well within my limits.
By the way as a house keeping matter you may wish to review your disclosure even if you are only a small holder.
Cheers and very best regards: Andy
BBX Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held