... it's a big blue watery road ...
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Brazil Minerals, Inc. Recovers Initial Diamonds From New Area
PASADENA, Calif., Nov. 11, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Brazil Minerals, Inc. (BMIX) (the "Company" or "Brazil Minerals") announced today that the first run of the production of diamonds from its current mining site was better than expected. Diamondiferous gravel was extracted, transported, and processed through a nearby first-stage recovery plant. The resulting high-probability partially-processed ore was then further separated by granulometric characteristics into “small”, “medium”, and “large size” material, each of which needs to be further processed for final recovery of rough diamonds. The attached photograph shows two of the rough diamonds recovered from the first complete run of the “small size” material.
The operating team at Brazil Minerals was pleasantly surprised as these initially-recovered diamonds were on average bigger than those retrieved under similar methodology from other mining areas in the same district, and their concentration was higher as well.
As previously disclosed, in prior areas mined by Brazil Minerals in the same Jequitinhonha River Valley mining district, over 95% of the produced rough diamonds were gems suited for jewelry use. The Company had several rough diamonds polished, certified, and graded at the Gemological Institute of America (“GIA”) in the U.S., which is considered a premier analytical laboratory for gems. Their highest color grade was “E”, the second-best color (note: the scale starts at “D”). Their best clarity was “VVS1”, the second-best clarity. The majority graded F-G for color and VVS2-VS2 for clarity, and weighed between 0.4 and 2.0 carats. The Rapaport valuation of such Brazil Minerals’ GIA-graded diamonds was $3,250 per carat.
The Company will further process “medium size” and “large size” partially-processed ore in the next several days. Careful analysis of these results is important because the recovery steps are adaptable to the granulometric characteristics of the rough diamonds seen. The goal is to maximize the yield on diamond recovery prior to processing stockpiled ore. Below is a photograph of part of the diamond recovery facilities and members of our technical team.
https://finance.yahoo.com/news/brazil-minerals-inc-recovers-initial-110000702.html
Morning! Why 15th?
BMIX
Good morning, all! BMIX is actively recovering gold and diamonds right now - all we have to do is be patient!
BMIX
Rare Earths are highly sought-after minerals. We have now received the exploration authorization for our 4,837-acre rare earths area in central Brazil. $BMIX has developed holdings in three strategic minerals: rare earths, lithium, and titanium. #BMIX #RareEarths
Rare Earths are highly sought-after minerals. We have now received the exploration authorization for our 4,837-acre rare earths area in central Brazil. $BMIX has developed holdings in three strategic minerals: rare earths, lithium, and titanium. #BMIX #RareEarths pic.twitter.com/6d0I2c8Ryv
— Atlas Lithium (Nasdaq: ATLX) (@Atlas_Lithium) October 31, 2019
Agreed, Gold9897!
The potential is certainly here. In fact, I will have about $50k or so added to my speculative budget in a couple of weeks that I am considering parking here. However, I want to see some tangible numbers from current project announced first.
Somewhat muted update today, thus is the lack of buying. Natural progression here would be to see some tangible numbers in the next PR - looking forward to that.
BMIX
BMIX traded 3x of average 10-day volume today AND closed green. Nice.
BMIX
It wouldn’t take much to move this given how thin it trades. Any revenue news at all would do it.
Good volume this morning. BMIX has been consolidating in this range for awhile, we are overdue for another rally here ;)
BMIX
Good call! 30's are holding up nicely and are a fairly safe buy while waiting for the updates!
BMIX
Agreed, temeku! Definitely more interest in Jupiter from MM side than there used to be. All we need is a good catalyst!
Not a bad close for the week. 30’s are holding up. We should hear something concrete about the production soon.
BMIX
Jupiter is still a sleeping beauty... Albeit, several more MMs on L2 than I remember from the past.
JUPGF
A lot of micromanaging going on around here. Folks gotta stop looking at every daily transaction. This is the type of stock that you buy and then check back on once a week or so. Someone actually said it best here already - "Rome wasn't built in a day."
Big things are happening here, despite of them happening slower than some may like.
BMIX
Excellent update on Twitter today! I really like the company's new idea of keeping us updated on social media in between the major news releases.
BMIX
Your DD is excellent, as always! I will definitely add some of your posts into my next DD compilation update! Thanks!
Main site progressing well: auriferous and diamondiferous alluvial material was reached and is being removed and processed for recovery of diamonds and gold.
https://twitter.com/bmixstock
BMIX
Exactly.
Overall, when shaky hands sell out, it is net positive for BMIX as these shares end up being bought by someone else who may actually have the patience and vision to let the company’s potential play out without stressing about day-to-day trading.
So, thanks ;)
BMIX
GM, sharky! Great week ahead!
BMIX
Excellent DD, Realistic! I need to update my compilation post as well, but I have been postponing it until that one PR we are all waiting for ;)
BMIX
This is some fantastic DD, Trapper! Our time is near!
BMIX
I’m always paying attention ;) Albeit higher than normal, the volume today is still small potatoes. Jupiter is not going to move in any dramatic way until some hard numbers from the current project are publicly available.
Volume picked up today. I am sensing news soon.
BMIX
BMIX is heating up - news leak?
BMIX
Hang in there, friends! The delays are always frustrating, but should things finally go Marc's way, this would quickly become the hottest penny play in the market.
BMIX
The following are the dates of most recent BMIX PRs:
September 4th, 2019
August 21st, 2019
August 15th, 2019
July 22nd, 2019
June 4th, 2019
May 31st, 2019
May 14th, 2019
1-2 PRs per month over the last 4 month to me is an adequate degree of communication, issuing PRs every week would be clearly "pumping" on behalf of the CEO. There are OTCs out there that go without news for years, so I will happily take our 1-2 monthly updates. However, I would imagine the updates may become more frequent once they begin making money, simply because things will begin moving forward more briskly from there.
BMIX
You may notice that my first post on BMIX board was 4 and 1/2 years ago, since then I have certainly had the pleasure of speaking to Dr. Fogassa personally. My investment here is not trivial, and it is by watching the CEO's actions over the past years that I have developed confidence required to commit to BMIX long-term.
Many of the points you bring up in your posts are valid -- in regards to dilution by CD holders and a certain degree of uncertainty in the company's future prospects -- but you have to be honest in regards to the standard you are holding this company up to. All of the innate risks of investing in OTC stocks are here, but so are the potentially life-changing returns. This is not NYSE or NASDAQ ticker, and so a fair comparison would be to other OTC stocks. I would argue that when compared to its peers, BMIX stands out in its potential while having in-line risk profile.
BMIX
Having a dedicated IR person is certainly something they must eventually establish, but before they spend money, they need to make money. All energy is now focused on the upcoming revenue-generating project. If all goes as planned and the revenue stream begins to flow, that would be the logical time to begin working on other aspects of a publicly-traded entity that would have to be in place before BMIX can ascend to the next level - such as having dedicated IR.
BMIX
Today's Jupiter news is great for the true long-term shareholders here. It will not have any immediate positive effect on BMIX, but Dr. Fogassa is not in the business of pumping day-to-day trading in either of his companies. His vision for both BMIX and JUPGF is a lot more grandiose than merely creating some good day trading opportunities for OTC gamblers.
The next near-term BMIX catalyst will be the news of the required gravel depth being reached and the commencing of the balls-to-the-wall production.
BMIX
Jupiter Gold Corporation Announces Significant Gold Project
BELO HORIZONTE, Brazil, Sept. 16, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Jupiter Gold Corporation (OTC: JUPGF) (“Jupiter Gold” or the “Company”) announced today that it has acquired a substantial volume of data pertaining to prior detailed geological drilling, trenching, and mineralogical and bulk sampling, among other studies, in one of its mineral rights for gold in Brazil. This data includes a detailed research report filed by the prior owner with the Brazilian mining authorities which reported 2 tons of gold (approximately 64,000 ounces) with an average of 1.54 g/t of gold in the area studied.
At the time of this historical report, gold was priced much lower than today’s $1,500/oz price, and therefore any cutoff for economic feasibility has significantly changed. As these historical studies were likely not performed under currently acceptable guidelines, Jupiter Gold will undertake its own studies for revalidation and project expansion.
Marc Fogassa, CEO of the Company, commented, “Our team is extremely excited about this project. As a young company, it puts us at a new level.”
The rocks of the project area are of Archean age and characterized as a metavolcano-sedimentary sequence of amphibolite facies consisting of meta-ultramafic and metamorphic rocks, mafic shales, metacherts, iron formations, calc-silicate rocks, marbles, schists and metapelitic gneisses and quartzites. This is a normal stacking of greenstone terrain having mafic-ultramafic, volcano-chemical and volcaniclastic/clastic domains. Gold mineralization in the form of quartz veins and boudins associated or not with carbonate, chlorite and sericite, hydrothermal alteration type, occurs within the area. There are also records of alluvial gold mining the area.
Jupiter Gold has 4,801,600 issued and outstanding shares. It has been funded by equity investors, has no issued debt, and it cannot issue any variable-rate convertible debt as per its bylaws. Brazil Minerals, Inc. (OTC: BMIX) currently holds a 43.1% ownership stake in Jupiter Gold.
About Us
Jupiter Gold Corporation (OTC: JUPGF) is a gold royalty company and it also fully owns several exploratory-stage projects in gold, palladium, and platinum. Jupiter Gold has never issued any debt, relying only on equity capital. Jupiter Gold’s annual financial statements are audited by a U.S. auditor. The Company files required periodic reports with the Securities and Exchange Commission. Its common stock trades in the U.S. over-the-counter market under the ticker symbol JUPGF and its shares may be transacted through various brokers-dealers such as TD Ameritrade, Inc., Glendale Securities, Inc. and Charles Schwab Corp. More information on Jupiter Gold can be found at www.jupitergoldcorp.com and it can be followed on Twitter @JupiterGoldCorp.
https://www.globenewswire.com/news-release/2019/09/16/1915775/0/en/Jupiter-Gold-Corporation-Announces-Significant-Gold-Project.html
Jupiter Gold Corporation Announces Significant Gold Project
BELO HORIZONTE, Brazil, Sept. 16, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Jupiter Gold Corporation (OTC: JUPGF) (“Jupiter Gold” or the “Company”) announced today that it has acquired a substantial volume of data pertaining to prior detailed geological drilling, trenching, and mineralogical and bulk sampling, among other studies, in one of its mineral rights for gold in Brazil. This data includes a detailed research report filed by the prior owner with the Brazilian mining authorities which reported 2 tons of gold (approximately 64,000 ounces) with an average of 1.54 g/t of gold in the area studied.
At the time of this historical report, gold was priced much lower than today’s $1,500/oz price, and therefore any cutoff for economic feasibility has significantly changed. As these historical studies were likely not performed under currently acceptable guidelines, Jupiter Gold will undertake its own studies for revalidation and project expansion.
Marc Fogassa, CEO of the Company, commented, “Our team is extremely excited about this project. As a young company, it puts us at a new level.”
The rocks of the project area are of Archean age and characterized as a metavolcano-sedimentary sequence of amphibolite facies consisting of meta-ultramafic and metamorphic rocks, mafic shales, metacherts, iron formations, calc-silicate rocks, marbles, schists and metapelitic gneisses and quartzites. This is a normal stacking of greenstone terrain having mafic-ultramafic, volcano-chemical and volcaniclastic/clastic domains. Gold mineralization in the form of quartz veins and boudins associated or not with carbonate, chlorite and sericite, hydrothermal alteration type, occurs within the area. There are also records of alluvial gold mining the area.
Jupiter Gold has 4,801,600 issued and outstanding shares. It has been funded by equity investors, has no issued debt, and it cannot issue any variable-rate convertible debt as per its bylaws. Brazil Minerals, Inc. (OTC: BMIX) currently holds a 43.1% ownership stake in Jupiter Gold.
About Us
Jupiter Gold Corporation (OTC: JUPGF) is a gold royalty company and it also fully owns several exploratory-stage projects in gold, palladium, and platinum. Jupiter Gold has never issued any debt, relying only on equity capital. Jupiter Gold’s annual financial statements are audited by a U.S. auditor. The Company files required periodic reports with the Securities and Exchange Commission. Its common stock trades in the U.S. over-the-counter market under the ticker symbol JUPGF and its shares may be transacted through various brokers-dealers such as TD Ameritrade, Inc., Glendale Securities, Inc. and Charles Schwab Corp. More information on Jupiter Gold can be found at www.jupitergoldcorp.com and it can be followed on Twitter @JupiterGoldCorp.
https://www.globenewswire.com/news-release/2019/09/16/1915775/0/en/Jupiter-Gold-Corporation-Announces-Significant-Gold-Project.html
A bit of a pullback today but luckily BMIX recovered some of the losses by EOD. People are losing faith due to the production news delay. Hopefully we hear something early next week.
BMIX
BMIX is holding nicely in this range. Meanwhile, the blowout PR is getting ever closer...
MMs moving up their asks is a good sign ;)
JUPGF
Brazil Minerals, Inc. Advances Diamond & Gold Mining Operation
PASADENA, Calif., Sept. 04, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Brazil Minerals, Inc. (BMIX) (the "Company" or "Brazil Minerals") announced today that its alluvial diamond and gold mining operation continues to progress very well and as planned. This active project is in the Jequitinhonha River Valley in a district known for retrieval of diamonds and gold for over two centuries. Brazil Minerals, through subsidiaries, has title to over 27,000 acres of mineral rights for diamonds and gold in this region. Attached to this release is a recent photograph of the project.
Brazil Minerals also announced that it has started the process towards a license for commercial mining of an highly promising adjacent site which contains auriferous and diamondiferous gravel layer over 20 feet in thickness.
The Company intends to utilize its social media presence, specifically its Twitter account @BMIXstock, to periodically share brief updates and/or photographs of the operations detailed in this release as well as other news.
https://finance.yahoo.com/news/brazil-minerals-inc-advances-diamond-100000253.html
Price is holding up nicely despite the good news being somewhat delayed.
BMIX
Somebody really wanted to round up their Jupiter holdings today :)
JUPGF
BMIX is holding its own nicely, an indicator of no significant dilution here. We are probably 5-7ft away from that diamond and gold gravel. Good things will begin happening here shortly!
BMIX