But that is true, but not true to BAB as it at least has JORC resources but yes the question is where the capex funding is gonna come from if not the Chinese.
So exploration companies are so worthless, that they moved away from exploration into an different business.
Check out Bulletproof (BPF), it was called Spencer Resources (SPA) but became an cloud business moving away from gold exploration in NSW.
I was eyeing on SPA from IPO as it spun-off from a company I held CNQ. Because their exploration targets were so crap and wasted money on exploration its SP fell from 20c to 5c. On announcement to change from gold exploration to cloud business. It shot up to 35c, 7 times the money.
I am eyeing a few companies that are moving into technology, and ITT is one of them.
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