... it's a big blue watery road ...
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Agreed. It was pretty smart on Marc's behalf in terms of timing. This has been taken out of the way and now any positive news can have unencumbered effect. Also the low magnitude of the increase was pleasantly surprising - makes me wonder what else has transpired so far that we may not know about. Some partnership? Financing commitment? Private investors buying out the convertibles? Better than expected yields from the ground? So many possibilities here.
BMIX
Good post. Along with raising gold prices will come the big capital looking to invest into the precious metals sector - BMIX has the properties, the mining rights, it has the goods. One large partner with cash reserves could turn BMIX into a major player in Brazil in the matter of a couple of years.
BMIX
It is correct actually, the 430M is the two execs and the 200M is the affiliate. So 630M total accounted for. I just separated off Fogassa and lumped the other two together, will make it more clear in next update.
I think it is correct.
This is actually a VERY good point I did not even think about, any possible dilution is limited to only 35M over the next 2 weeks while the impact from the upcoming production PR may be explosive.
Indeed, we may be setting up for quite a surge upwards from here.
BMIX
$BMIX ALL-IN-ONE DD **START HERE** 7/27/19
*** NEW in this update: 1) Updated the share structure to reflect the CEO's increased stake - he now owns nearly 30% of all COMMON shares of BMIX. 2) Re-calculated the estimated float to arrive a laughably small number of 284,155,054 for a penny stock trading in double zeroes. 3) Added the news release about the company's newest Lithium project.
TABLE OF CONTENTS
1) The Company
2) The Projects
3) The People
4) Frequently Asked Questions
1) The Company
Brazil Minerals, Inc. with its subsidiaries has two components to its business model: (1) growing a portfolio of mineral rights in a wide spectrum of strategic and sought-after minerals, from which equity holdings and/or royalty interests will develop, and (2) mining certain specific areas for gold, diamonds, and sand.
The company's progress as an exploration project generator has been steady. In early 2013 Brazil Minerals owned mineral rights for gold and diamonds. Since then the company has grown several-fold its bank of high-quality mineral properties to currently include mineral rights for gold, diamonds, cobalt, copper, lithium, manganese, nickel, precious gems (aquamarine, beryl, tourmaline) and sand.
BMIX's first equity holdings from their exploration project generation strategy is Jupiter Gold Corporation. Jupiter Gold has been a public company since December 16, 2016.
Share Structure:
O/S: 914,784,917 as of 7/26/19
https://www.otcmarkets.com/filing/html?id=13554592&guid=FYGIUFYs560sH3h
Shares held by the CEO Marc Fogassa (He is actively converting his deferred salary into COMMON shares of BMIX): 365,201,226 as of 7/26/19
Shares held by other company affiliates: 265,428,637 as of 7/26/19
Estimated float (Total outstanding count minus all affiliate shares accounted for in the official filings): 914,784,917 - 365,201,226 - 265,428,637 = 284,155,054
A/S: 1.2B as of 7/26/2019
Brazil Minerals Website: http://www.brazil-minerals.com/
Jupiter Gold Website: http://www.jupitergoldcorp.com/ (BMIX owns 47% of Jupiter Gold)
YouTube Channel: https://www.youtube.com/channel/UChcTI9t1v-E-9MJ7mMtH_tA
Facebook: https://www.facebook.com/brazilmineralsbmix
LinkedIn: https://www.linkedin.com/company/brazil-minerals-inc-
2) The Projects
I. PINDAÍBA PROJECT - FINAL MINING APPROVAL ANNOUNCED ON 06/04/2019! AURIFEROUS & DIAMONDIFEROUS GRAVEL PROCESSING TO BEGIN AFTER 6-8 WEEKS OF INITIAL EXCAVATION!
Minerals: Gold (50% of revenues belong to Brazil Minerals and 50% to Jupiter Gold) & Diamonds (100% of revenues belong to Brazil Minerals)
Location: Olhos-d'Água, state of Minas Gerais
Area: 1,310 acres
Highlights:
• Extensive drilling campaign conducted by Brazil Minerals and concluded in Q3 2018.
• 35/35 of drill holes were visually positive for gold.
• 57% of drill holes had high-probability diamond recovery; a “diamond-rich” zone was identified in the area.
• Results support open-sky mining.
• The target area studied in this drilling campaign is an alluvial plain along the Jequitinhonha River Valley, an area known for placer mining for gold and gem-quality diamonds for over two hundred years.
• Pindaíba is a storied mineral rights area which at one point had thousands of settlers along its river margin prospecting for diamond. Old settler activity is usually a strong indication of robust mineralization.
• Old settler activity does not diminish the recoverable gold and diamonds from Brazil Minerals’ Project, as settlers prospected at the river margin with rudimentary tools and, by law, regulated mining must be done at least 100 meters from the margins of this river.
• A royalty agreement with Jupiter Gold by which Brazil Minerals will use Jupiter Gold’s recovery plant for processing entails that Brazil Minerals will keep 50% of the revenues from gold and 100% of the revenue from diamond with respect to the Pindaíba Project.
In September 2018, Brazil Minerals announced the conclusion of an extensive drilling campaign of a portion of the mineral right of the Pindaíba Project. It was reported that Brazil Minerals drilled 35 holes spaced 30 to 50 meters utilizing a Banka 4-inch drill. All 35 holes were positive for fine gold as observed by our drilling team, and samples were collected for quantitative geochemical analysis. The average depth for the auriferous gravel layer was 8 meters and with a thickness between 1.5 to 9.3 meters.
Brazil Minerals also announced that this extensive drilling campaign yielded alluvial material with a high likelihood for diamonds in over 57% of the drill holes executed. Further analysis of the campaign’s results and inspection of collected samples indicated the existence of a diamond-rich zone within the drilled area. Satellite markers for diamonds, such as limonite, rutilite and tourmalinite, among others, were observed in all samples recovered within this diamond-rich zone.
II. JEQUITINHONHA PROJECT
Minerals: Gold, Diamonds, Sand (for construction)
Location: Olhos-d'Água and Diamantina, state of Minas Gerais
Area: 26,645 acres
Highlights:
• Brazil Minerals owns 9 mining concessions and 10 pre-mining concessions. A mining concession if the highest level of mineral right title in Brazil. It permits mining in perpetuity as long as environmental licensing is kept current and mining guidelines are followed.
• This collection of mineral rights covers more than 60 miles of mineral rights alongside the banks of the Jequitinhonha River, a well-known area for gold and diamonds for over 200 years.
• Gold and diamonds appear together in alluvial material; mining is open-sky, year-round.
Brazil Minerals, through subsidiaries, has 31 mineral rights for diamond, gold, and sand, on and near the margins of the Jequitinhonha River in the state of Minas Gerais in Brazil. The Jequitinhonha River valley is a well-known area for diamond and gold production; it has hosted alluvial production since the 18th century.
One of our mineral rights, covering 422 acres, is called “Duas Barras”, a mining concession for diamond, gold and sand. Our concession, awarded by the Brazilian federal government through the Brazilian mining department, is the highest level of mineral right in Brazil. It permits us to mine in perpetuity provided that environmental licenses are kept current and that mining guidelines are followed.
Mineralization
Vaaldiam, the previous owner of this mining concession, and at that time a publicly-traded Canadian company, performed detailed geological studies leading to the publication of an NI 43-101 technical report in 2007, with an update in 2008, as required by the rules of the Canadian securities administrator and filed in SEDAR. The NI 43-101 report describes the existence of mineralized materials amounting to 1,639,200 cubic meters with the following concentrations: 0.16 carats of diamonds per cubic meter and 182 milligrams of gold per cubic meter. Vaaldiam also submitted a bankable feasibility study to the Brazilian mining department in accordance with local regulations.
The link to the resultant NI 43-101 is below. Keep in mind that the official study was done for only 7% of the Duas Barras total concession area. There is still a 93% chunk of the property that has not been officially assayed.
https://xmbl.files.wordpress.com/2014/07/duas-barras-ni-43-101.pdf
What the heck is NI 43-101? Read below:
https://en.wikipedia.org/wiki/National_Instrument_43-101
Excerpt from the BMIX NI 43-101:
To fully appreciate the magnitude of the BMIX potential in just of their projects - Duas Barras - it is useful to look at the performance of the previous owner:
"Vaaldiam launched production at Duas Barras in September 2007 and produced 33,385 carats of diamonds valued at an average $165 per carat in the first 11 months of operation. Gross sales revenues from the mine to date, including 1,036 ounces of gold recovered for the period September 2007 through July 2008 reached $6.5 million."
http://www.diamonds.net/news/NewsItem.aspx?ArticleID=23120
Moreover, during February 2008 a 15.68 carat diamond was recovered at the Duas Barras mine which is the largest diamond recovered to date at this mine. This diamond was sold in the second quarter for US$78,400 or US$5,000 per carat.
http://globaldocuments.morningstar.com/documentlibrary/document/29cf493380fe9217.msdoc/original
Recovery Plants
We have two working recovery plants for diamonds and gold. Our subsidiary, Jupiter Gold owns a modular recovery plant which utilizes a large centrifuge for recovery, currently deployed in this concession area. During 2017, this plant was completed, tested and made operational. The plant uses centrifugation as the primary method of gold separation. Material identified as potentially containing diamonds is retrieved and further processed in specific high-precision equipment for detection of diamonds, located in our large plant, as described below.
See the modular gold & diamond recovery plant in action here:
Regurgitating the dilution argument is quickly becoming a moot point. Yes, the company still has convertible debt, yes it is being extinguished by slow conversion into shares by a single remaining lender -- whether it is via OLMN or CDEL is irrelevant -- but this is not what is important. The important question is whether the stock can go up in light of having this convertible debt?
I do not seek out to invest specifically into stocks that never dilute. I am, however, interested in buying those stocks that I think WILL GO UP. And this is why the question above is what one should focus on.
The stocks that dilute heavily enough to be detrimental to their future do not rally and then STABILIZE at around 400% gain within two weeks - dilution usually kills any spike within days following weakening of volume. This didn't happen. Such stocks also raise A/S from 1B to 2B or 3B because those in charge know what is coming, they wouldn't even bother merely giving A/S a tiny 25% bump.
The dilution is here, sure, nobody is contradicting this, but I will argue that despite of this BMIX will still be trading at multiple pennies in the short term when they start digging up gold and diamonds out of the ground as planned.
So, yes, I anticipated the increase in A/S as the company will need some time from the start of production until they can buy out the remaining convertible debt at face value, etc. I did personally anticipate the A/S to go up to 2B, but seeing it at a measly 1.2B makes me think some positive developments are happening that we may not quite yet know about ;)
Finally, the fact that CEO just took another 100M of BMIX COMMON SHARES in lieu of deferred salary further re-assures me against an adverse outcome here. He has the best information available to him and he continues to accumulate common shares - dilution or not - I think I will follow THAT lead rather than the sky-is-falling iHub chatter ;)
BMIX
I sensed the A/S increase was coming since we do, in fact, still have outstanding convertible debt. The final number ending up THIS NEGLIGIBLE actually made me smile. I now believe more than ever that things are looking great at the mining site!
Go BMIX!
Anybody who has been trading penny stocks for any period of time will tell you that 25% A/S increase is the best case scenario out of everything that could have transpired here and, as the matter of fact, IS A GOOD SIGN. The company that is expecting to continue using shares as the main source of financing does not just give A/S a little bump, they usually double or triple it.
I think they are already seeing some production results and this is why only a small increase was necessary to hold them over until cashflow positive. If they start making money, 1.25B A/S, even if maxed out, is nothing - this will still be a multi-penny stock!
I am excited about the next week - I am hoping for the long-awaited blockbuster production PR!
Good weekend to all the longs!
BMIX
Hopefully some news soon.
Well said, temeku. Say what you will about Marc, he certainly had some blunders along the way, but he has delivered on everything he has promised so far.
BMIX
Looks like we stabilized in the $0.004 range until the news hits.
BMIX
Just waiting for that production PR to hit...
Good luck to all the longs!
BMIX
GREEN.
BMIX
PHOTOS OF THE MINING SITE
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149022856
Recovery Plants
We have two working recovery plants for diamonds and gold. Our subsidiary, Jupiter Gold owns a modular recovery plant which utilizes a large centrifuge for recovery, currently deployed in this concession area. During 2017, this plant was completed, tested and made operational. The plant uses centrifugation as the primary method of gold separation. Material identified as potentially containing diamonds is retrieved and further processed in specific high-precision equipment for detection of diamonds, located in our large plant, as described below.
See the modular gold & diamond recovery plant in action here:
Mineralization
Vaaldiam, the previous owner of this mining concession, and at that time a publicly-traded Canadian company, performed detailed geological studies leading to the publication of an NI 43-101 technical report in 2007, with an update in 2008, as required by the rules of the Canadian securities administrator and filed in SEDAR. The NI 43-101 report describes the existence of mineralized materials amounting to 1,639,200 cubic meters with the following concentrations: 0.16 carats of diamonds per cubic meter and 182 milligrams of gold per cubic meter. Vaaldiam also submitted a bankable feasibility study to the Brazilian mining department in accordance with local regulations.
The link to the resultant NI 43-101 is below. Keep in mind that the official study was done for only 7% of the Duas Barras total concession area. There is still a 93% chunk of the property that has not been officially assayed.
https://xmbl.files.wordpress.com/2014/07/duas-barras-ni-43-101.pdf
What the heck is NI 43-101? Read below:
https://en.wikipedia.org/wiki/National_Instrument_43-101
Excerpt from the BMIX NI 43-101:
I. PINDAÍBA PROJECT - FINAL MINING APPROVAL ANNOUNCED ON 06/04/2019! AURIFEROUS & DIAMONDIFEROUS GRAVEL PROCESSING TO BEGIN AFTER 6-8 WEEKS OF INITIAL EXCAVATION!
Minerals: Gold (50% of revenues belong to Brazil Minerals and 50% to Jupiter Gold) & Diamonds (100% of revenues belong to Brazil Minerals)
Location: Olhos-d'Água, state of Minas Gerais
Area: 1,310 acres
Highlights:
• Extensive drilling campaign conducted by Brazil Minerals and concluded in Q3 2018.
• 35/35 of drill holes were visually positive for gold.
• 57% of drill holes had high-probability diamond recovery; a “diamond-rich” zone was identified in the area.
• Results support open-sky mining.
• The target area studied in this drilling campaign is an alluvial plain along the Jequitinhonha River Valley, an area known for placer mining for gold and gem-quality diamonds for over two hundred years.
• Pindaíba is a storied mineral rights area which at one point had thousands of settlers along its river margin prospecting for diamond. Old settler activity is usually a strong indication of robust mineralization.
• Old settler activity does not diminish the recoverable gold and diamonds from Brazil Minerals’ Project, as settlers prospected at the river margin with rudimentary tools and, by law, regulated mining must be done at least 100 meters from the margins of this river.
• A royalty agreement with Jupiter Gold by which Brazil Minerals will use Jupiter Gold’s recovery plant for processing entails that Brazil Minerals will keep 50% of the revenues from gold and 100% of the revenue from diamond with respect to the Pindaíba Project.
In September 2018, Brazil Minerals announced the conclusion of an extensive drilling campaign of a portion of the mineral right of the Pindaíba Project. It was reported that Brazil Minerals drilled 35 holes spaced 30 to 50 meters utilizing a Banka 4-inch drill. All 35 holes were positive for fine gold as observed by our drilling team, and samples were collected for quantitative geochemical analysis. The average depth for the auriferous gravel layer was 8 meters and with a thickness between 1.5 to 9.3 meters.
Brazil Minerals also announced that this extensive drilling campaign yielded alluvial material with a high likelihood for diamonds in over 57% of the drill holes executed. Further analysis of the campaign’s results and inspection of collected samples indicated the existence of a diamond-rich zone within the drilled area. Satellite markers for diamonds, such as limonite, rutilite and tourmalinite, among others, were observed in all samples recovered within this diamond-rich zone.
Share Structure:
O/S: 868,086,832 as of 7/1/19 (OTC Markets Website, Verified by Transfer Agent)
https://www.otcmarkets.com/stock/BMIX/security
Shares held by the CEO Marc Fogassa (He converted the salary owed to him by the company into COMMON shares of BMIX): 252,845,670 as of 4/15/19
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148242339
Shares held by other company affiliates: 251,176,014 as of 4/15/19 (10-K Filing, Page 30)
https://ih.advfn.com/stock-market/USOTC/brazil-minerals-inc-BMIX/stock-news/79701359/annual-report-10-k
Estimated float (Total outstanding count minus all affiliate shares accounted for in the official filings): 868,086,832 - 504,021,684 = 364,065,148
A/S: 950,000,000
$BMIX ALL-IN-ONE DD **START HERE** 7/6/19
*** NEW in this update: 1) Added the photos of the mining site obtained from the company (at the end of "The Projects" section) 2) Updated the most current OS from the OTC Markets website (verified by TA as of 7/1).
TABLE OF CONTENTS
1) The Company
2) The Projects
3) The People
4) Frequently Asked Questions
1) The Company
Brazil Minerals, Inc. with its subsidiaries has two components to its business model: (1) growing a portfolio of mineral rights in a wide spectrum of strategic and sought-after minerals, from which equity holdings and/or royalty interests will develop, and (2) mining certain specific areas for gold, diamonds, and sand.
The company's progress as an exploration project generator has been steady. In early 2013 Brazil Minerals owned mineral rights for gold and diamonds. Since then the company has grown several-fold its bank of high-quality mineral properties to currently include mineral rights for gold, diamonds, cobalt, copper, lithium, manganese, nickel, precious gems (aquamarine, beryl, tourmaline) and sand.
BMIX's first equity holdings from their exploration project generation strategy is Jupiter Gold Corporation. Jupiter Gold has been a public company since December 16, 2016.
Share Structure:
O/S: 868,086,832 as of 7/1/19 (OTC Markets Website, Verified by Transfer Agent)
https://www.otcmarkets.com/stock/BMIX/security
Shares held by the CEO Marc Fogassa (He converted the salary owed to him by the company into COMMON shares of BMIX): 252,845,670 as of 4/15/19
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148242339
Shares held by other company affiliates: 251,176,014 as of 4/15/19 (10-K Filing, Page 30)
https://ih.advfn.com/stock-market/USOTC/brazil-minerals-inc-BMIX/stock-news/79701359/annual-report-10-k
Estimated float (Total outstanding count minus all affiliate shares accounted for in the official filings): 868,086,832 - 504,021,684 = 364,065,148
A/S: 950,000,000
Brazil Minerals Website: http://www.brazil-minerals.com/
Jupiter Gold Website: http://www.jupitergoldcorp.com/ (BMIX owns 49% of Jupiter Gold)
YouTube Channel: https://www.youtube.com/channel/UChcTI9t1v-E-9MJ7mMtH_tA
Facebook: https://www.facebook.com/brazilmineralsbmix
LinkedIn: https://www.linkedin.com/company/brazil-minerals-inc-
2) The Projects
I. PINDAÍBA PROJECT - FINAL MINING APPROVAL ANNOUNCED ON 06/04/2019! AURIFEROUS & DIAMONDIFEROUS GRAVEL PROCESSING TO BEGIN AFTER 6-8 WEEKS OF INITIAL EXCAVATION!
Minerals: Gold (50% of revenues belong to Brazil Minerals and 50% to Jupiter Gold) & Diamonds (100% of revenues belong to Brazil Minerals)
Location: Olhos-d'Água, state of Minas Gerais
Area: 1,310 acres
Highlights:
• Extensive drilling campaign conducted by Brazil Minerals and concluded in Q3 2018.
• 35/35 of drill holes were visually positive for gold.
• 57% of drill holes had high-probability diamond recovery; a “diamond-rich” zone was identified in the area.
• Results support open-sky mining.
• The target area studied in this drilling campaign is an alluvial plain along the Jequitinhonha River Valley, an area known for placer mining for gold and gem-quality diamonds for over two hundred years.
• Pindaíba is a storied mineral rights area which at one point had thousands of settlers along its river margin prospecting for diamond. Old settler activity is usually a strong indication of robust mineralization.
• Old settler activity does not diminish the recoverable gold and diamonds from Brazil Minerals’ Project, as settlers prospected at the river margin with rudimentary tools and, by law, regulated mining must be done at least 100 meters from the margins of this river.
• A royalty agreement with Jupiter Gold by which Brazil Minerals will use Jupiter Gold’s recovery plant for processing entails that Brazil Minerals will keep 50% of the revenues from gold and 100% of the revenue from diamond with respect to the Pindaíba Project.
In September 2018, Brazil Minerals announced the conclusion of an extensive drilling campaign of a portion of the mineral right of the Pindaíba Project. It was reported that Brazil Minerals drilled 35 holes spaced 30 to 50 meters utilizing a Banka 4-inch drill. All 35 holes were positive for fine gold as observed by our drilling team, and samples were collected for quantitative geochemical analysis. The average depth for the auriferous gravel layer was 8 meters and with a thickness between 1.5 to 9.3 meters.
Brazil Minerals also announced that this extensive drilling campaign yielded alluvial material with a high likelihood for diamonds in over 57% of the drill holes executed. Further analysis of the campaign’s results and inspection of collected samples indicated the existence of a diamond-rich zone within the drilled area. Satellite markers for diamonds, such as limonite, rutilite and tourmalinite, among others, were observed in all samples recovered within this diamond-rich zone.
II. JEQUITINHONHA PROJECT
Minerals: Gold, Diamonds, Sand (for construction)
Location: Olhos-d'Água and Diamantina, state of Minas Gerais
Area: 26,645 acres
Highlights:
• Brazil Minerals owns 9 mining concessions and 10 pre-mining concessions. A mining concession if the highest level of mineral right title in Brazil. It permits mining in perpetuity as long as environmental licensing is kept current and mining guidelines are followed.
• This collection of mineral rights covers more than 60 miles of mineral rights alongside the banks of the Jequitinhonha River, a well-known area for gold and diamonds for over 200 years.
• Gold and diamonds appear together in alluvial material; mining is open-sky, year-round.
Brazil Minerals, through subsidiaries, has 31 mineral rights for diamond, gold, and sand, on and near the margins of the Jequitinhonha River in the state of Minas Gerais in Brazil. The Jequitinhonha River valley is a well-known area for diamond and gold production; it has hosted alluvial production since the 18th century.
One of our mineral rights, covering 422 acres, is called “Duas Barras”, a mining concession for diamond, gold and sand. Our concession, awarded by the Brazilian federal government through the Brazilian mining department, is the highest level of mineral right in Brazil. It permits us to mine in perpetuity provided that environmental licenses are kept current and that mining guidelines are followed.
Mineralization
Vaaldiam, the previous owner of this mining concession, and at that time a publicly-traded Canadian company, performed detailed geological studies leading to the publication of an NI 43-101 technical report in 2007, with an update in 2008, as required by the rules of the Canadian securities administrator and filed in SEDAR. The NI 43-101 report describes the existence of mineralized materials amounting to 1,639,200 cubic meters with the following concentrations: 0.16 carats of diamonds per cubic meter and 182 milligrams of gold per cubic meter. Vaaldiam also submitted a bankable feasibility study to the Brazilian mining department in accordance with local regulations.
The link to the resultant NI 43-101 is below. Keep in mind that the official study was done for only 7% of the Duas Barras total concession area. There is still a 93% chunk of the property that has not been officially assayed.
https://xmbl.files.wordpress.com/2014/07/duas-barras-ni-43-101.pdf
What the heck is NI 43-101? Read below:
https://en.wikipedia.org/wiki/National_Instrument_43-101
Excerpt from the BMIX NI 43-101:
To fully appreciate the magnitude of the BMIX potential in just of their projects - Duas Barras - it is useful to look at the performance of the previous owner:
"Vaaldiam launched production at Duas Barras in September 2007 and produced 33,385 carats of diamonds valued at an average $165 per carat in the first 11 months of operation. Gross sales revenues from the mine to date, including 1,036 ounces of gold recovered for the period September 2007 through July 2008 reached $6.5 million."
http://www.diamonds.net/news/NewsItem.aspx?ArticleID=23120
Moreover, during February 2008 a 15.68 carat diamond was recovered at the Duas Barras mine which is the largest diamond recovered to date at this mine. This diamond was sold in the second quarter for US$78,400 or US$5,000 per carat.
http://globaldocuments.morningstar.com/documentlibrary/document/29cf493380fe9217.msdoc/original
Recovery Plants
We have two working recovery plants for diamonds and gold. Our subsidiary, Jupiter Gold owns a modular recovery plant which utilizes a large centrifuge for recovery, currently deployed in this concession area. During 2017, this plant was completed, tested and made operational. The plant uses centrifugation as the primary method of gold separation. Material identified as potentially containing diamonds is retrieved and further processed in specific high-precision equipment for detection of diamonds, located in our large plant, as described below.
See the modular gold & diamond recovery plant in action here:
Next round of consolidation is coming to an end... get on back on board if you are flipping (not you sharky)!
BMIX
Same here. Keeping the eyes on the main prize - diamond and gold revenue from the current mining site. Everything else is noise to me.
BMIX
i feared this would happen. I think the company made a mistake with pr'ing something that nobody was anticipating. All shareholders are waiting for the production pr and the company pr's something else and wasted it. Had it been pr'ed after the production pr it would have made the stock go up maybe 100%.
Absolutely, I think they are waiting until everything is up and running to make a blockbuster release then rather than a half-ass PR about it now. Meanwhile, I take the great LITHIUM news!
BMIX
Huge news today - lithium is everywhere, electric car industry is on the rise and there are predictions of supply shortages in the future. BMIX continues to diversify future avenues!
BMIX
Brazil Minerals, Inc. Increases Its Lithium Project Several-Fold to 9,677 Acres in Premier District
PASADENA, Calif., July 22, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Brazil Minerals, Inc. (BMIX) (the "Company" or "Brazil Minerals") announced that it has expanded its lithium footprint in Brazil over 32-fold to now 9,677 acres by adding three lithium claims totaling 9,389 acres in the state of Minas Gerais last week. Brazilian lithium comes primarily from hard-rock spodumene deposits recognized as one of the highest-quality in the world due to lower impurities and thus better suited for high technology applications such as batteries for electric vehicles and portable computing devices. Besides Brazil, there are only a few significant spodumene deposits globally, such as one in Canada being developed by Nemaska Lithium.
Brazil Minerals:Mr. Areli holding a sample of hard-rock spodumene
Brazil Minerals:Mr. Areli holding a sample of hard-rock spodumene
Areli Nogueira, Senior Geological Engineer at Brazil Minerals, commented: “There are three major districts in the Litiniferous Pegmatite Province of Minas Gerais and our claims provide us with excellent potential presence in one of these districts. In fact, two of our areas are only one mile from a known lithium ore formation contained in a main gemstone mine. Gemstones such as beryllium, aquamarine, and tourmaline occur in the same pegmatites as spodumene and other lithium-bearing minerals.”
Besides spodumene [LiAl(SiO3)2], other minerals containing lithium that are found locally include petalite [LiAlSi4O10], amblygonite [(Li,Na)AlPO4(F,OH)], and lepidolite [K(Li,Al,Rb)2(Al,Si)4O10(F,OH)2]. A photograph of Mr. Areli holding a sample of hard-rock spodumene is attached below.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cd5ff288-e438-4de1-9f9c-c832b5894725
Marc Fogassa, CEO of Brazil Minerals, commented, “Our primary focus is mining gold and diamond, and continuing to strengthen our balance sheet. In parallel, we continue with active analytical intelligence regarding areas we consider key to our expansion. High-quality lithium is rare and demand continues to rise, and as such the markets provide attractive valuations to public companies exploring it. The addition of these high potential hard-rock spodumene areas from Minas Gerais is timely and strategic for us and substantially enhances our portfolio.”
Brazil Minerals is starting studies on these new areas immediately. Demand is evident as representatives from companies based in Australia, Bolivia, China and Russia have recently visited the Minas Gerais lithium districts in search of opportunities.
https://finance.yahoo.com/news/brazil-minerals-inc-increases-lithium-110000650.html
Thank you! BMIX is a real company unlike so many other OTCs and thus is the amount of DD out there.
BMIX
This is actually a very interesting twist that not a lot of people even realize on this board... but before BMIX can capitalize on rare earth minerals, it will need to have some operating capital generated from gold and diamonds.
BMIX
It’s oh so quiet...
Thanks! We are so golden here with BMIX! One just needs to step back from the daily trading routine and keep the big picture in mind instead. BMIX is a real company that is trying to become profitable and become something much larger - invest in THAT. Not into the daily L2 action or MM this or MM that... big picture...
BMIX
Really busy right now, but trying to follow BMIX carefully. And, of course, have not sold a share!
BMIX
Another solid volume day. For a stock that was barely trading in high trips couple of weeks ago, we are doing DAMN WELL. Keep things in perspective!
The long-awaited PR, meanwhile, is closer by the day.
Good luck to all the longs!
BMIX
$BMIX ALL-IN-ONE DD **START HERE** 7/6/19
*** NEW in this update: 1) Added the photos of the mining site obtained from the company (at the end of "The Projects" section) 2) Updated the most current OS from the OTC Markets website (verified by TA as of 7/1).
TABLE OF CONTENTS
1) The Company
2) The Projects
3) The People
4) Frequently Asked Questions
1) The Company
Brazil Minerals, Inc. with its subsidiaries has two components to its business model: (1) growing a portfolio of mineral rights in a wide spectrum of strategic and sought-after minerals, from which equity holdings and/or royalty interests will develop, and (2) mining certain specific areas for gold, diamonds, and sand.
The company's progress as an exploration project generator has been steady. In early 2013 Brazil Minerals owned mineral rights for gold and diamonds. Since then the company has grown several-fold its bank of high-quality mineral properties to currently include mineral rights for gold, diamonds, cobalt, copper, lithium, manganese, nickel, precious gems (aquamarine, beryl, tourmaline) and sand.
BMIX's first equity holdings from their exploration project generation strategy is Jupiter Gold Corporation. Jupiter Gold has been a public company since December 16, 2016.
Share Structure:
O/S: 868,086,832 as of 7/1/19 (OTC Markets Website, Verified by Transfer Agent)
https://www.otcmarkets.com/stock/BMIX/security
Shares held by the CEO Marc Fogassa (He converted the salary owed to him by the company into COMMON shares of BMIX): 252,845,670 as of 4/15/19
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148242339
Shares held by other company affiliates: 251,176,014 as of 4/15/19 (10-K Filing, Page 30)
https://ih.advfn.com/stock-market/USOTC/brazil-minerals-inc-BMIX/stock-news/79701359/annual-report-10-k
Estimated float (Total outstanding count minus all affiliate shares accounted for in the official filings): 868,086,832 - 504,021,684 = 364,065,148
A/S: 950,000,000
Brazil Minerals Website: http://www.brazil-minerals.com/
Jupiter Gold Website: http://www.jupitergoldcorp.com/ (BMIX owns 49% of Jupiter Gold)
YouTube Channel: https://www.youtube.com/channel/UChcTI9t1v-E-9MJ7mMtH_tA
Facebook: https://www.facebook.com/brazilmineralsbmix
LinkedIn: https://www.linkedin.com/company/brazil-minerals-inc-
2) The Projects
I. PINDAÍBA PROJECT - FINAL MINING APPROVAL ANNOUNCED ON 06/04/2019! AURIFEROUS & DIAMONDIFEROUS GRAVEL PROCESSING TO BEGIN AFTER 6-8 WEEKS OF INITIAL EXCAVATION!
Minerals: Gold (50% of revenues belong to Brazil Minerals and 50% to Jupiter Gold) & Diamonds (100% of revenues belong to Brazil Minerals)
Location: Olhos-d'Água, state of Minas Gerais
Area: 1,310 acres
Highlights:
• Extensive drilling campaign conducted by Brazil Minerals and concluded in Q3 2018.
• 35/35 of drill holes were visually positive for gold.
• 57% of drill holes had high-probability diamond recovery; a “diamond-rich” zone was identified in the area.
• Results support open-sky mining.
• The target area studied in this drilling campaign is an alluvial plain along the Jequitinhonha River Valley, an area known for placer mining for gold and gem-quality diamonds for over two hundred years.
• Pindaíba is a storied mineral rights area which at one point had thousands of settlers along its river margin prospecting for diamond. Old settler activity is usually a strong indication of robust mineralization.
• Old settler activity does not diminish the recoverable gold and diamonds from Brazil Minerals’ Project, as settlers prospected at the river margin with rudimentary tools and, by law, regulated mining must be done at least 100 meters from the margins of this river.
• A royalty agreement with Jupiter Gold by which Brazil Minerals will use Jupiter Gold’s recovery plant for processing entails that Brazil Minerals will keep 50% of the revenues from gold and 100% of the revenue from diamond with respect to the Pindaíba Project.
In September 2018, Brazil Minerals announced the conclusion of an extensive drilling campaign of a portion of the mineral right of the Pindaíba Project. It was reported that Brazil Minerals drilled 35 holes spaced 30 to 50 meters utilizing a Banka 4-inch drill. All 35 holes were positive for fine gold as observed by our drilling team, and samples were collected for quantitative geochemical analysis. The average depth for the auriferous gravel layer was 8 meters and with a thickness between 1.5 to 9.3 meters.
Brazil Minerals also announced that this extensive drilling campaign yielded alluvial material with a high likelihood for diamonds in over 57% of the drill holes executed. Further analysis of the campaign’s results and inspection of collected samples indicated the existence of a diamond-rich zone within the drilled area. Satellite markers for diamonds, such as limonite, rutilite and tourmalinite, among others, were observed in all samples recovered within this diamond-rich zone.
II. JEQUITINHONHA PROJECT
Minerals: Gold, Diamonds, Sand (for construction)
Location: Olhos-d'Água and Diamantina, state of Minas Gerais
Area: 26,645 acres
Highlights:
• Brazil Minerals owns 9 mining concessions and 10 pre-mining concessions. A mining concession if the highest level of mineral right title in Brazil. It permits mining in perpetuity as long as environmental licensing is kept current and mining guidelines are followed.
• This collection of mineral rights covers more than 60 miles of mineral rights alongside the banks of the Jequitinhonha River, a well-known area for gold and diamonds for over 200 years.
• Gold and diamonds appear together in alluvial material; mining is open-sky, year-round.
Brazil Minerals, through subsidiaries, has 31 mineral rights for diamond, gold, and sand, on and near the margins of the Jequitinhonha River in the state of Minas Gerais in Brazil. The Jequitinhonha River valley is a well-known area for diamond and gold production; it has hosted alluvial production since the 18th century.
One of our mineral rights, covering 422 acres, is called “Duas Barras”, a mining concession for diamond, gold and sand. Our concession, awarded by the Brazilian federal government through the Brazilian mining department, is the highest level of mineral right in Brazil. It permits us to mine in perpetuity provided that environmental licenses are kept current and that mining guidelines are followed.
Mineralization
Vaaldiam, the previous owner of this mining concession, and at that time a publicly-traded Canadian company, performed detailed geological studies leading to the publication of an NI 43-101 technical report in 2007, with an update in 2008, as required by the rules of the Canadian securities administrator and filed in SEDAR. The NI 43-101 report describes the existence of mineralized materials amounting to 1,639,200 cubic meters with the following concentrations: 0.16 carats of diamonds per cubic meter and 182 milligrams of gold per cubic meter. Vaaldiam also submitted a bankable feasibility study to the Brazilian mining department in accordance with local regulations.
The link to the resultant NI 43-101 is below. Keep in mind that the official study was done for only 7% of the Duas Barras total concession area. There is still a 93% chunk of the property that has not been officially assayed.
https://xmbl.files.wordpress.com/2014/07/duas-barras-ni-43-101.pdf
What the heck is NI 43-101? Read below:
https://en.wikipedia.org/wiki/National_Instrument_43-101
Excerpt from the BMIX NI 43-101:
To fully appreciate the magnitude of the BMIX potential in just of their projects - Duas Barras - it is useful to look at the performance of the previous owner:
"Vaaldiam launched production at Duas Barras in September 2007 and produced 33,385 carats of diamonds valued at an average $165 per carat in the first 11 months of operation. Gross sales revenues from the mine to date, including 1,036 ounces of gold recovered for the period September 2007 through July 2008 reached $6.5 million."
http://www.diamonds.net/news/NewsItem.aspx?ArticleID=23120
Moreover, during February 2008 a 15.68 carat diamond was recovered at the Duas Barras mine which is the largest diamond recovered to date at this mine. This diamond was sold in the second quarter for US$78,400 or US$5,000 per carat.
http://globaldocuments.morningstar.com/documentlibrary/document/29cf493380fe9217.msdoc/original
Recovery Plants
We have two working recovery plants for diamonds and gold. Our subsidiary, Jupiter Gold owns a modular recovery plant which utilizes a large centrifuge for recovery, currently deployed in this concession area. During 2017, this plant was completed, tested and made operational. The plant uses centrifugation as the primary method of gold separation. Material identified as potentially containing diamonds is retrieved and further processed in specific high-precision equipment for detection of diamonds, located in our large plant, as described below.
See the modular gold & diamond recovery plant in action here:
Everybody should check out Jupiter board - if you own BMIX, you own 49% of Jupiter as well! And it is trading at $0.90 per share!
https://investorshub.advfn.com/Jupiter-Gold-Corp-JUPGF-35981/
BMIX
Another excellent trading day for BMIX! High volume again, buys outnumber the sells 21 to 19M, very strong support exhibited mid-day and nice curvature closer to EOD. We are consolidating beautifully here.
And let's not forget that the "PRODUCTION IS NOW ONGOING" PR can hit any day now ;)
We are GOLDEN here!
BMIX
Healthy pullback here! I think we spike again soon!
BMIX
Not worried about the pullback, we couldn’t go up 30% daily forever. We consolidate and continue - mark this post.
BMIX
$BMIX - BREAKING OUT - ALL-IN-ONE DD POST BELOW:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149921186
$BMIX - BREAKING OUT - ALL-IN-ONE DD POST BELOW:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149921186
DD on Dr. Fogassa by iHub veteran stervc:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=112766681