BRB (ASX) Ann: December 2022 Quarterly Activities Report

Originally posted by Just4kicks: ↑

Great post CW,

I'm worried the 80m cash pile will dwindle away without Tom's slow and steady approach prior to an oz being mined. Also the cost to build was a concern after watching the head winds CAI are facing.
It's a tough gig/decision being too far/isolated from existing processing facilities yet still being almost close enough to toll treat. What to do either keep growing the resource, get taken over and become part of a bigger hub, take over other juniors and become the hub or toll treat and always ride the coat tails of others?
I hate to mention Manna but I trully believe it's a monster now 30mt with so little drilling and I believe it would've been a life changer as BRB were rapidly on their way to $1 plus and I was always in BRB to make money whether from gold, Li or Banana's. I've sold the 1.1m shares I had last month as I believe they aren't interested in the bigger picture of actually boosting the sp/creating share holder wealth but in focusing with blinkers on at Bombora whatever the cost to holders.
I believe BRB will eventually mine but when and at what cost. I'd personally be hoping for a t/o as that'll immediately boost sp especially if there's a bidding war.
I might re enter in the future and good luck to all.

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Hi JFK, thank you and good luck to you. Hope you made some money.
From what I gather they are actually cutting cost at present, in a big way, as the DD deep north was very expensive.
Ularring will be coming in soon I think. That will start to rekindle who knows what. The nearology factor is exciting and all commodities look set to do well. We saw the explosive potential of ROC on Manna and I do respect your view. Some are unhappy yet I believe that moved the SP from low 20's to mid 30's which was welcome.

Cash burn will slow while the studied progress and I really like that. Soil sampling will be done with little cost to zero in on anomalies in order to target RAB testing of targets generated. In the meantime, if gold soars and the AUD increases less (probable) then the AUD POG rises to circa $3K per oz and the value of Bombora rises. I believe Peter and Sam will be keen to create shareholder value whereas Tom was focused on growing Bombora and doing the studies to get enough oz's to build a 2.5Mt or at min 1.8Mt mill. Lots of ways to fund that.

Tom is an excellent geo and now we have more of an entrepreneurial angle with several catalysts. Will Li stay strong? I am far happier with gold and base metals.