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no idea what deposit you are looking at, inaccurate opinions...

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allaussie

572 Posts.

7

08/01/19

11:35

Post #: 37054447
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Originally posted by nordesmic ↑

@Sorpa asked me to post my thoughts so here they are (note I haven’t paid much attention to BRB in the last 6 months).

Although the drilling has shown lots of potential, at the current size I think the deposit is insufficient to support a standalone project (generally need 700koz+ of reserves). I was previously a shareholder but became a bit concerned that the scale wasn’t there. I wrote a bit in the below posts about it. There seems to be some higher grade/close to surface areas but the rest is a bit low grade/dispersed to get excited about.

I have always liked the share structure and the focus on preventing dilution but the flip side is that they haven’t done enough drilling to get the scale to become a mine. They are close to a few other operations who might see some value in Bombora as a satellite deposit.

It’s been a tough period for stranded explorers/developers. Higher quality projects like CMM and EXU have received offers so maybe there is some hope yet for Bombora.

https://hotcopper.com.au/threads/an...e-at-bombora.4139179/page-39?post_id=32521537

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no idea what deposit you are looking at, inaccurate opinions stated like facts. wouldnt buy CMM with my mates account

BRB Price at posting: 36.0¢ Sentiment: Buy Disclosure: Held
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