Is BRB a good investment?, page-9

the fact the MC is still $60M and owned by BRB speaks for itself.

There is no doubt this is a 'big system' however I think looking at the geology presented that the geometry of gold mineralisation is complex and difficult to quantify with data density.

To derisk it, would need to do what horizon have done with boorara - grade control drill and trial mine. Then reconcile that back to the model. At least will generate some cashflow. The issue then would be no spare milling capacity in the region because everyone is doing the same.

BRB mgmt have really effed this up. Egos. It's always egos. The col should stick to fried chicken.