re: bmx Having worked in the mineral sands industry for the best part of a decade I suppose you could say that I am entitled to my opion and yes I'm one of those scientist and engineers who examines the feasibility of such projects. BMX was the first stock I bought back in 97 when ginkgo was first discovered. However, more is known about the project now and in my educated opion it is a DOG!!
Iluka did have a crack when the company had a mkt cap of $17m. If anything that was to keep them out of the market. Now however, Iluka's laughing all the way to the bank with the knowledge that such a project will always be plagued by high costs and technical difficulties. Any mineral sands project in todays environment that has its financials factoring in what can be made out of the ilmentie is doomed from the start!
PS where are they going to get their fresh water from and please tell me its not from reverse osmosis?
PPS this is entirely my opion - although an educated one - and speculation... don't take my word for it.
BMX
bemax resources limited
