Hi Midnight26 and all,
That’s right they strut about, knock over the pieces and then sheet on the board thinking they have won!
Over the years I have been manufacturing mining equipment I have visited many mines and seen several different Gold extraction methods one mine in PNG required the use of autoclaves in the circuit. As I understand it this is a little different to simpler circuits; however, still very efficient at removing just about all the gold in the ore.
Please don’t quote me but as I understand it once the equipment is purchased and in the circuit the extraction costs are only slightly above that of other methods.
https://www.911metallurgist.com/blog/autoclave-circuit
By the way I’m not saying BBX will be looking at an autoclave circuit in the future I just wanted to make the point that there are always several ways to extract precious minerals. Those balls of metal from a 1 Kg sample are very real and have clearly been removed from the ore and then broken down into different precious metal categories. No matter the method the Gold, silver, platinum and palladium have been extracted and weighed and then reported to the ASX. If in the face of these simple facts people still have doubts then I suggest they take their comments and investments dollars elsewhere.
We are all aware I’m sure of the risks in exploration companies and are happy to speculate in companies like BBX as in my opinion they offer a decent risk to reward ratio. Some people don’t like risk or at least don’t think their money is at risk in stocks like the Australian big four banks. However, as many Mums and Dads are about to find out this is not always the case, once the CBA answers it’s 54,000 charges of money laundering they may have a better understanding of risk. If the CBA cops the maximum fine for each of these offences it could wake up one morning completely insolvent.
I understand why these sideline tyre kickers are so annoyed with themselves and feel the need to denigrate the current shareholders, I guess if I had also stood by and watched a share price move from $0.02 to $0.22 I might also feel stupid and wish to lash out! Although that’s not really my style!
Hopefully we will see some more assay results as we count down the days to the commencement of the drilling.
Good luck to all current holders and to those on the sidelines please accept my commiserations for your apparent lack of foresight; please feel free to continue with your negative comments if you find it helps.
Cheers and very best regards: Andy
