Evidence based speculation

Hi All,

I was modelling what the trial mining would look like if:
A. BBX ever got to the mining capability of a well known aussie junior (MOY)
B. BBX was trial mining and what sort of profit they would turn.

I used 5g/t average for BBX just because it's something that not many people would refute, given the significant numbers we've seen

Please note that I modelled all of this off of the MOY ACTUAL QUARTER OF MARCH2018. All of their data is real. ASIC/recovery/grades/sales /etc is all real.

I made some assumptions.
A. The cost of processing 474k tonnes of ore would be the same between MOY and BBX. I understand that it will be different in reality. I figure, MOY has higher labour cost while BBX will have higher transport costs. so i cancelled them out and said they were the same.

B. All costs are variable and the cost could scale down in a linear fashion to match the 25,000 KiloTonne (Per quarter) trial mining effort. I understand fixed costs would be involved. but it's hard to determine when all you're going off is MOY's quarterly.

	Column 1	Column 2	Column 3	Column 4
0	PER QUARTER	MOY (ACTUAL)	BBX (MODEL)	BBX (TRIAL MINING)
1	ore processed	474,420	474,420	25,000
2	g/t	1.56	5	5
3	grams total	740,095	2,372,100	125,000
4	recovery	85.50%	85.50%	85.50%
5	grams recovered	632,781	2,028,146	106,875
6	oz recovered	20,412	65,424	3,448
7	TOTAL cost of mining and recovery for Quarter MARCH 2018	$26,433,933	$26,433,932	$1,393,000
8	ASIC for Q March 2018	$1,295	$404	$404
9	Sales (Per Quarter)	$34,700,915	$111,220,882	$5,860,887
10	Total Profit (Per Quarter)	$8,266,983	$84,786,950	$4,467,887
11	Take from partner (Per Quarter)	$0	$0	$2,233,944
12	Company Profit (Per Quarter)	$8,266,983	$84,786,950	$2,233,944

Note: If i was to scale the grade to 50, this happens:

	Column 1	Column 2	Column 3	Column 4
0	PER QUARTER	MOY (ACTUAL)	BBX (MODEL)	BBX (TRIAL MINING)
1	ore processed	474,420	474,420	25,000
2	g/t	1.56	50	50
3	grams total	740,095	23,721,000	1,250,000
4	recovery	85.50%	85.50%	85.50%
5	grams recovered	632,781	20,281,455	1,068,750
6	oz recovered	20,412	654,240	34,476
7	TOTAL cost of mining and recovery for Quarter MARCH 2018	$26,433,933	$26,433,932	$1,393,000
8	ASIC for Q March 2018	$1,295	$40	$40
9	Sales (Per Quarter)	$34,700,915	$1,112,208,823	$58,608,871
10	Total Profit (Per Quarter)	$8,266,983	$1,085,774,891	$57,215,871
11	Take from partner (Per Quarter)	$0	$0	$28,607,935
12	Company Profit (Per Quarter)	$8,266,983	$1,085,774,891	$28,607,935

Thoughts?

Thanks
Smite.