Asia Broadband Inc (AABB)

[Don]

Oh boy, new forward looking clap trap from the good folks at Asia BB. No they haven't issued any purchase orders for equipment, they have only had assessment meetings with distributors and reps of equipment suppliers. No mention of lead time for purchase and delivery of equipment, no mention of installation timetables or projection of date of first operation. Anyone with sense knows that this project won't happen overnight but is likely to take several years to complete in Mexico.

The initial capacity of 200 tpd is estimated to generate $11 million annual revenue. No mention is made of the costs of this revenue nor the anticipated bottom line contribution. They are just throwing out a big number to wow the hente. But hey, we project we are gonna be making "revenue"...

Yes, the company is planning to expedite construction of the mill. The plant won't really contribute in 2023 but "our mining operations are now well advanced" in the forward looking stage... ffs