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18/01/23
19:08
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Originally posted by Countrywriter:
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Hi all, Great comments above. The 'excitement' is due to the robust nature of the UG at Bombora. Remember that the holes are wide spaced. Hitting pockets of high grade indicates that there are surprises to be found in this north lode and more upside from Tura as well. Lots of gold down there. Estimates will low ball the grade overall, yet mining may be an over-call against the Resource. This project is vastly undervalued. The more they show viability the more that will self-correct. OK, the "bonanza" term is a headline , the likes of which we are not used to seeing from BRB under Tom. I always felt Tom undersold the project after his early "Tier 1" comments. Striking a balance is tricky it seems as the pendulum may have swung a little hard there. Overdone; yep, but I do absolutely agree with Sam about what he said in the text captured below. People need to be drawn to the text it seems; so it was a good strategy. BRB held up during this gold correction far better than most stocks. Breaker’s CEO, Sam Smith said : “ T his is exciting stuff for Breaker! T hese results continue to show how consistent the underground lodes are. Our previous mining studies * have confirmed the Tura l ode has what it takes to sustain a meaningful underground production source beneath any future Bombora open pit. The lode continues to expand at depth with the results showing it has further potential to grow.
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not exactly true, bonanza was used in an January 2017 asx statement from brb - go to their asx announcements on website , scroll down - it was just over 200g/t back then cheers