BBX 0.00% 24.0¢ bbx minerals limited

Evidence based speculation, page-23

  1. 4,791 Posts.
    lightbulb Created with Sketch. 385
    On the rare occasion that you do discuss the stock in a post it suggests you're not reading the ANNs. If I talk about 25Ktpa then I must be talking about the commercial plant that will treat dirt from the 100Ktpa mining operation, not the pilot plant.

    It makes sense to build a smaller, cheaper (~20-50Ktpa) plant that will generate plenty of cash to pay for a mill upgrade. They could stockpile the excess dirt until the first upgrade is complete and now I think about it, upgrading to 250Ktpa-1Mtpa would make sense if you're mining 100Ktpa and stockpiling the untreated ore. That way we're setup to treat the bigger volumes when the full permit is granted.
 
watchlist Created with Sketch. Add BBX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.