BBX 0.00% 24.0¢ bbx minerals limited

Andy I bought the stock like many others based on what appeared...

  1. 11,185 Posts.
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    Andy I bought the stock like many others based on what appeared to be visible gold flakes and another unidentified silver metallic mineral pictured in diamond drill core before anything was known about the metallurgical complexity and the mineralisation not responding to conventional assaying. I'll often make reasonably quick decisions when dealing with news out of speculative exploration companies as buying the discovery hole is often a good time to enter a stock. I don't think that this is a particularly unusual course of action by investors at this end of the market, so it surprises me that you keep bring it up and making a big deal about it. Whim was probably the wrong choice of word on my part and if I had have known you'd keep bashing me over the head with that word I probably would have selected another way of expressing myself.

    I did sell out during that hour of power when the stock came out of suspension and when the stock traded briefly at about double what it is trading at now. My disclosure is on my posting record.

    Given the intriguing nature of this story I continue to follow the story and comment on it. At least with plough I can have a thought full discussion that I think helps all make more evidenced based decision making. No one needs to take anything I say on board if they are comfortable with their own research and the ability of management and the consultants that work for the company. In fact I'd suggest that people do their own research and seek professional advice if they are unsure about any aspects of this company's disclosures. Do not rely on anything I say.

    If the metallurgical extraction process in the pilot plant mirrors the lead cupellation to extract the gold (as in the assay scheme which is being developed) then as I said in my previous post the ore will need to be melted in a furnace and the copper collector which is the product of that melt will need to undergo electrowinning to recover the silver and re-smelting with lead to recover the gold IMO. I assume a single melt would only produce a mixed button of gold and silver or the silver may be lost. Thinking that the grade of the ore will cover all the costs of mining, transport and processing is just a baseless assumption until all the costs are properly addressed by the company.

    I need to see far more evidence and costings around the metallurgical extraction of the PMs before I'll be convinced to buy a second time around. Esh
 
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