... it's a big blue watery road ...
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There are hardly any shares out there, MMs are stacking up at $0.003 right now hoping for some and the closest ask is only 30K at $0.0032... Crazy thin! No dilution!
BMIX
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
I hope you get your dip so you can load up, but oh boy are we close to a massive breakout here...
BMIX
Indeed, BMIX is now 34th most read board on iHub!
BMIX
Thanks, balamidas! Welcome to the board! I believe breakout is imminent here!
BMIX
Longer-term picture will become more clear in next month or two, if they start generating real revenue (and I fully believe they will) then holding for longer term to let this play fully blossom will be a no brainer.
BMIX
Thanks! BMIX story practically writes itself! I am just trying to make sure folks get to read it!
Go BMIX!
$BMIX 3rd consecutive green day on heavy volume. Something is brewing... DD below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149805226
$BMIX 3rd consecutive green day on heavy volume. Something is brewing... DD below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149805226
$BMIX 3rd consecutive green day on heavy volume. Something is brewing... DD below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149805226
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.
BMIX 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
ALL THE NEWCOMERS TO THE BOARD, START LEARNING ABOUT BMIX FROM THE ALL-IN-ONE POST BELOW:
-----------------------------------
$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:
Another high-volume GREEN day - THIRD IN A ROW! And still, I believe we are way under the radar of most investors. This stock should be trading at 20-50M market cap right now, before they even start generating revenue, based on their mineral rights, assets and potential alone.
BMIX
Welcome aboard! BMIX is going to be a huge runner this year along with gold - check out the all-in-one DD post below, if you haven't yet:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149805226
BMIX
We are very close to locking up that tiny 364M float!
BMIX
Only 670k remains of that pesky 5M block ;)
BMIX
The 5M wall moved down from 27 to 25... Very nearsighted of them, but oh well. I anticipate this to clear in a couple of hours and we continue upwards.
BMIX
We went up 50% on less than 10M in volume this morning. Just imagine what will happen when the blockbuster PR about the start of gold and diamond production hits and triggers a 100M+ volume day...
BMIX
Profit takers at these levels are extremely nearsighted. We have volume for the past three days, relentless ask-slapping, potentially blockbuster PR coming this month about the start of production... BMIX is going higher, mark this post! I am holding for copper here at the very least.
BMIX
PHOTOS OF THE MINING SITE
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149022856
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.
BMIX 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
We had those at $0.0015 and then at $0.002... Not going to be an issue ;) They will regret it soon enough.
BMIX
Glad to have ya on board! The boat will be sailing very shortly here ;)
BMIX
Went up 50% on less than 10M in volume. This is refreshing. Beautiful, predictable trading here with a tiny float.
BMIX
Damn :( I think you may be missing a breakout here.
BMIX
BMIX - this is it - breaking out! DD below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149805226
BMIX - this is it - breaking out! DD below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149805226
BMIX - this is it - breaking out! DD below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149805226
$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:
29x30. Wow!
And they had to pay for it, nobody is dumping here. Everyone is holding on for the production this month!
BMIX
Welcome aboard, sir! There is no dilution here - this thing is ready to fly.
BMIX
All that ask slapping this morning! Love it!
BMIX
23x25 BMIX
Good morning, BMIX’ers! There are hardly any shares out there - less than a million volume so far and already GREEN! The tiny float is close to being locked up! Get your tickets now ;)
BMIX
Thanks! There is so much credible DD out there for BMIX that it helps to have it organized all in one place. Hopefully, new investors will land on this iHub page and on that post when they Google the company - after all, iHub page comes up as the 3rd result from the top!
BMIX
Another great GREEN day for bmix on high volume - 10% up. Can't complain after 120% gain in the prior trading day. We'll see what tomorrow brings.
BMIX