The important attributes of good logical and scientific thinking is the validity and veracity of the assumptions. You have been caught with your pants down for lacking veracity.
Lets start with the basis of your argument;
"if you were a physicist and some backyard bloke in a funny country said he had a perpetual motion device...."
As if you have not read about the top credentials of all of the directors and particularly the chairman who leads it. I invite everyone to look at their backgrounds with degrees from the some of most advanced world class universities and you will see how wrong and deceiving the above quote from your statement is.
Before I purchased any shares, I went beyond their bios on their website and roadshow slideshows.
In the case of the Chairman Mike Schmulian discovered the following; Through my contacts s among geologists and metallurgists, before I purchased any shares I enquired further about him. It turns out a very good friend had worked with him in a major mining company some time back in Australia. This is what he had to say about him; His words , not mying;
"technically very discipined" "he would not put out a report unless he was 110% it was true" "he would only have put the best possible team together" "lives in Brazil for family reasons"
I then checked the credentials of the team he put together and invite readers to do the same.
check out Edmar Medeiros as Technical Manager. A MSc from the Federal University of Santa Catarina in Brazil and a Project Management MBA from the University of Central Florida. During a 33-year career, including 24 years with Anglo American he has occupied a variety of process development, research and development and project management roles.
Furthermore the ex Anglo American CEO , Andre Douchane with his track record is no dilll for leaving such top end employer(s) to come and work with BBX. He can see the opportunity.
I then checked the science of Ionic gold and the fact that there are a few (lower grade and smaller) such deposits. I then checked on the many years of research progress that had gone on in releasing the Au from these crystals.
Only then did I start buying shares.
Presto 72 you have been caught out for willfully or unwilfully, lacking veracity.
BBX Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
(20min delay)