... it's a big blue watery road ...
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He will be selling his shares at over a penny once the actual revenues from gold and diamond are announced after initial excavation is over.
BMIX
As of May 17, 2019, the registrant had 731,193,342 shares of common stock, par value $0.001 per share, issued and outstanding.
https://ih.advfn.com/stock-market/USOTC/brazil-minerals-inc-BMIX/stock-news/79956288/quarterly-report-10-q
And the CEO himself owns more than a quarter billion shares, so the float here is measly!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148242339
BMIX
So 10% of the float traded today already, this is very close to breaking out.
BMIX
Good luck, bud! I don't think there is any significant dilution at the moment. Just weak hands letting go of the shares they bought in high trips - I think they will regret giving them up so easy soon enough though.
BMIX
Low float, real revenues only weeks away, plenty of credible DD out there - we may be looking at pennies per share soon.
BMIX
You know what they say - volume before price ;)
BMIX
20M in first 10 minutes of trading is impressive. Wait till first revenues are announced after two - three months. Companies that actually make money do not trade in low double zeroes.
BMIX
Low float and very thin trading here.
BMIX
This is going to run hard. If you are waiting on revenues to actually show up in filings, you are waiting too long. By the time BMIX is profitable, it will be trading at multiple pennies per share - the trick is to get in EARLY!
BMIX
Wow! Immediate gap up 50%! Nice!
BMIX
Yep, we are weeks away from finally generating revenue.
BMIX
$BMIX NEWS! FINAL MINING PERMIT RECEIVED! GOLD PRODUCTION ONLY WEEKS AWAY!
Brazil Minerals, Inc. Announces Receipt of Approval for Gold and Diamond Mining
PASADENA, Calif., June 04, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE - Brazil Minerals, Inc. (BMIX) (the "Company" or "Brazil Minerals") announced today that it has obtained the last necessary approval from a regulatory entity in Brazil to allow mining for gold and diamonds in one of its many Jequitinhonha River Valley mineral rights. As announced previously, a drilling campaign within this project area indicated that 35 out of 35 drills holes were positive for gold. Additionally, in a majority of such drill holes, satellite markers that indicate the likely presence of diamonds were recovered.
Marc Fogassa, CEO of Brazil Minerals, commented, “This news is timely and very well received. We have built a strong local team that is able to work diligently through complex and changing requirements for licensing and permitting for mining. It’s beginning to bear fruit and we’re not stopping here as we want to be producing revenues from multiple mining sites in due time.”
Brazil Minerals believes that the initial excavation to attain the level needed for auriferous and diamondiferous gravel removal will take six to eight weeks, after which regular processing should start.
https://finance.yahoo.com/news/brazil-minerals-inc-announces-receipt-110000161.html
Hey, bud. Welcome aboard!
I have been gambling in penny stocks long enough to know that you don't follow day-to-day movements too carefully for the sake of not losing hair or developing a peptic ulcer. If you choose to invest into a penny, do it for a specific catalyst - be it a project completion, buyout offer, financing deal, etc.
In case of BMIX, I have a sizable bet on the table. I bet on them receiving the final permits and then starting to mine gold at the site where drilling confirmed impressive gold and diamond presence. This is where being 40% down or 20% up, % this and % that does not matter. It is a binary situation - if we do NOT get the permits or there is NO gold in the ground then you loose your investment in entirety. If we do get the permits and they do show real revenue in their filings (rarity in the penny world), it will not matter how much you are down today or tomorrow, just hold long enough and it will be a 25-50 bagger within a year.
It will be one or the other, day-to-day fluctuations are meaningless.
All my opinion, of course.
Good luck!
BMIX
Check out details on NI 43-101, which is a bankable feasibility study done on BMIX property by previous owner - more details in the DD in the intro page.
BMIX
Make that 7 new followers ;)
BMIX
5 new board followers added over the past 2 days, at 205 now. The momentum will start picking up soon.
I will work on updating my DD compilation in the intro page soon.
BMIX
Great volume on Friday, a lot of weak hands giving up their shares at this laughable price, but if good news keep coming from the company, we should be trading at multiples of today's price very soon. The current gold and diamond project -- 35 holes positive for gold out of 35 drilled -- is in the final stages of approval. The bombshell news release about the long-awaited start of production can come out any day.
BMIX
10M volume in first 5 minutes.
Great news today! BMIX will be unstoppable!
BMIX
NEWS: Brazil Minerals Expands Into Iron and Forms New Partnership
PASADENA, Calif., May 31, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Brazil Minerals, Inc. (OTC:BMIX) (the "Company" or "Brazil Minerals") announced today that it has obtained the rights to an iron project area with 4,120 acres in the "Quadrilátero Ferrífero" (Iron Quadrangle), one of the premier iron regions in the world with multiple operating mines. Iron ore is in high demand with strong sales of Brazilian iron ore for export (mainly to China) or for use by local steelmakers. Recently, the price of iron delivered at a foreign port spiked to US$109 per ton, the highest since 2013.
Brazil Minerals' claim holds potential for several reasons, including its location in proximity to one of the initial iron mines from Vale S.A., the world's largest producer of iron. The local geology shows possible secondary deposits, i.e., occurrences of eluvial/colluvial iron mineralization with potential for lump ore production. This type of product is aimed at the domestic market and, in general, presents a combination of low production cost and relatively high margins, when compared with iron production for export.
As part of the agreement in which Brazil Minerals was advised, at no initial cost, regarding this iron opportunity by a local private enterprise, the Company will evaluate innovative technology solutions initially developed by this enterprise which are aimed at minimizing the environmental disturbances of an iron mine. These solutions center on processing without water and enabling smaller scale operations to increase profitability and product quality. Refinements may be co-developed during this technology partnership.
As soon as it is feasible, Brazil Minerals plans to proceed with geological studies of the area to ascertain various aspects of the mineral right, including quantification of mineralization and reserve potential.
https://m.nasdaq.com/press-release/brazil-minerals-inc-announces-its-first-iron-project-and-technology-partnership-development-20190531-00191
Not sure what is going on, but I like it a lot. With the float this low, this can be at a penny in the matter of weeks with the right news.
BMIX
Nice volume today. 10x11 now. Trading very thing — any good news would send this thing flying. Get yourself a ticket.
BMIX
Five years is not out of ordinary for developmental stage of a mining company. More importantly is them being able to transition into revenue-generating stage soon.
BMIX
Jupiter Gold Corp. Paracatu Project Drilling and Portable Plant
Got these from the company, I also posted more photos from BMIX projects on BMIX board. Pictured here are drilling efforts on Jupiter's Paracatu project as well as the portable gold-processing plant that is owned by Jupiter and is fully functional.
Good luck to all!
One can certainly interpret the images in the fashion that fits their view of BMIX. To you, the images prove lack of legit operation, to me they further support that BMIX is not a fly-by-night share-printing scam, at least they are trying. I’ve been messing around with penny stocks long enough to know that at this price, and with this share structure, just the fact that they have any on-the-ground activity at all is worth a speculative investment. Now, whether any real revenues will ever begin coming out of all this is yet to be determined. But as I stated previously, I will give Marc this one last shot at pulling this off before I will walk away for good.
BMIX
BMIX Photos of the Mining Site
I share the frustration expressed by many here in regards to the stagnation of BMIX over recent years, so much so that I emailed the company asking for some kind of visual proof that they are, in fact, mining anything at all. The following are the photos that were sent back to me, and I am sharing them with everybody here. I have emailed the company many times before using the email on the website and so far I have been satisfied with their shareholder communication. Sure, not all of my emails were answered, but when one is truly invested here and is polite and reasonable in expressing their concerns, I feel like they do their best to address those concerns.
I received a bunch of pictures with no legend, so the comments are by me and may or may not be a correct interpretation of what is transpiring on the photo.
Looks like an aerial view of the mining site
I think this is the main processing plant. The plant was originally built in 2006-2007 by then Toronto Stock Exchange Venture -listed Vaaldiam Resources Ltd. (“Vaaldiam”) at a cost of approximately $2.5 million and is the largest alluvial recovery plant of its kind in Latin America.
Another bird's-eye view of the mining site
Looks like BMIX drilling crew. This is from the PR where they fairly recently announced that 35/35 drill holes were positive for gold - this is the project that should be operational within the next month as per most recent Jupiter's PR.
https://www.prnewswire.com/news-releases/brazil-minerals-inc-strikes-gold-in-35-of-35-drill-holes-in-a-northern-minas-gerais-project-300714293.html
Another drilling site?
Heavy equipment doing something on the mining site
More heavy machinery
The road to revenue?
More heavy machinery at work (BMIX logo is visible) - so much for people saying that this is a pure share-selling scam
Pre-mining activities of some sort?
I think I see gold
This is the photo of their largest diamond mined to date back in 2015, it was also included in the following PR:
http://www.mining.com/brazil-minerals-mines-largest-rough-diamond-date/
I definitely see gold
No comment here. Beautiful. I suggest you guys stop being paranoid and start buying these cheap shares. This is a real company, with real assets and properties, with real equipment and it is about to start generating some real revenue.
Good luck to all!
Huge bids stacking up at 7!
BMIX
The Pindaíba Project, operated by Brazil Minerals, Inc. (OTC: BMIX, "Brazil Minerals") is expected to begin production in the third quarter of 2019...
BMIX
Jupiter Gold Corporation Guides on Potential to Become Cash Flow Positive After First Royalty Project Starts Production
BELO HORIZONTE, Brazil, May 22, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Jupiter Gold Corporation (OTC: JUPGF, "Jupiter Gold" or the "Company") today reported that its first royalty project, the Pindaíba Project, operated by Brazil Minerals, Inc. (OTC: BMIX, "Brazil Minerals") is expected to begin production in the third quarter of 2019. The Company's gold recovery plant will be utilized in operations and Jupiter Gold will receive a 50% royalty on gold revenues. Brazil Minerals will retain the other 50% as well as 100% of diamond revenues.
The Jequitinhonha Valley has been mined for gold and diamonds since the 1700's and new localized discoveries of attractive deposits are still being made. Pindaíba is the name of one such deposit area. Over ten years ago, more than a thousand settlers were mining Pindaíba, and have since been entirely removed. Prior settler activity is one of the strongest markers for a quality mining site, and this information was one of the criteria used in evaluating this project against other opportunities prior to a drilling campaign. In 2018, Brazil Minerals completed 35 drill holes in a subsection of Pindaíba. All drilled holes were positive for gold and a majority of them also showed specific mineral markers for diamonds.
Jupiter Gold expects that, with revenues generated from the royalty received from the Pindaíba Project, there exists a good probability that it will become cash flow positive, although no definite assurance can be given. As previously disclosed, the Company has no long-term debt and its bylaws prohibit the issuance of variable-rate convertible debt.
About Jupiter Gold Corporation
Jupiter Gold Corporation (OTC:JUPGF) is a near-revenue gold royalty company that also fully owns several exploratory-stage projects in Brazil in gold, palladium, platinum, and manganese. Jupiter Gold will be receiving 50% of the gold revenues from the Pindaíba Project, its first royalty project. Additionally, Jupiter Gold owns 100% of six gold projects, 100% of a gold/palladium/platinum project, and 100% of a manganese project, all totaling an aggregate of 101,366 acres (for comparison: almost seven times the size of the island of Manhattan).
Jupiter Gold is audited by a U.S. auditor and files reports regularly 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.
https://www.nasdaq.com/press-release/jupiter-gold-corporation-guides-on-potential-to-become-cash-flow-positive-after-first-royalty-20190522-00266
Jupiter Gold Corporation Guides on Potential to Become Cash Flow Positive After First Royalty Project Starts Production
BELO HORIZONTE, Brazil, May 22, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Jupiter Gold Corporation (OTC: JUPGF, "Jupiter Gold" or the "Company") today reported that its first royalty project, the Pindaíba Project, operated by Brazil Minerals, Inc. (OTC: BMIX, "Brazil Minerals") is expected to begin production in the third quarter of 2019. The Company's gold recovery plant will be utilized in operations and Jupiter Gold will receive a 50% royalty on gold revenues. Brazil Minerals will retain the other 50% as well as 100% of diamond revenues.
The Jequitinhonha Valley has been mined for gold and diamonds since the 1700's and new localized discoveries of attractive deposits are still being made. Pindaíba is the name of one such deposit area. Over ten years ago, more than a thousand settlers were mining Pindaíba, and have since been entirely removed. Prior settler activity is one of the strongest markers for a quality mining site, and this information was one of the criteria used in evaluating this project against other opportunities prior to a drilling campaign. In 2018, Brazil Minerals completed 35 drill holes in a subsection of Pindaíba. All drilled holes were positive for gold and a majority of them also showed specific mineral markers for diamonds.
Jupiter Gold expects that, with revenues generated from the royalty received from the Pindaíba Project, there exists a good probability that it will become cash flow positive, although no definite assurance can be given. As previously disclosed, the Company has no long-term debt and its bylaws prohibit the issuance of variable-rate convertible debt.
About Jupiter Gold Corporation
Jupiter Gold Corporation (OTC:JUPGF) is a near-revenue gold royalty company that also fully owns several exploratory-stage projects in Brazil in gold, palladium, platinum, and manganese. Jupiter Gold will be receiving 50% of the gold revenues from the Pindaíba Project, its first royalty project. Additionally, Jupiter Gold owns 100% of six gold projects, 100% of a gold/palladium/platinum project, and 100% of a manganese project, all totaling an aggregate of 101,366 acres (for comparison: almost seven times the size of the island of Manhattan).
Jupiter Gold is audited by a U.S. auditor and files reports regularly 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.
https://www.nasdaq.com/press-release/jupiter-gold-corporation-guides-on-potential-to-become-cash-flow-positive-after-first-royalty-20190522-00266
9's are already hitting. BMIX is trading extremely thin. Truly, the stock is one strong positive catalyst away from exploding.
BMIX
Nice buys this morning. 8x9 to start the week.
BMIX
Jayess, you don’t have to remind me about my last run with BMIX, both the reverse split and the subsequent slide of post-split PPS caused my previous investment here to become worthless. I don’t think it happened because Marc is out to scam everyone, I don’t think he is very happy about the way things played out here up until today despite their efforts. Sometimes, things just don’t work out as planned.
Call me naive, drinking the Koolaid, but I see encouraging signs this time around - drilling campaign that was NOT done last time, no new convertible debt issued in awhile, somewhat stabilized PPS - I will give Marc another chance to pull this off. I dedicated money to this that I am fully prepared to lose. Should I lose it, oh well, at least I feel that I will have some sort of closure for myself after years of being involved here.
BMIX
After having stabilized at $0.001 or so for many many months, the dumping of shares has, unfortunately, resumed. But I am no convinced it is the CEO who is dumping his newly converted shares, if that is what you are implying. He could have converted the debt BMIX owed to him into shares much earlier in the process and dump while we were trading close to cents per share, there was no reason for him to wait that long and then, all of a sudden, dump all at once at the very bottom.
BMIX
I don't know... But we'll know once BMIX is trading back in pennies per share that there is no longer any of that toxic burden ;)
BMIX
The remaining convertible debt flushing out. It took years for BMIX to get this close to revenue and the company had to be financed for awhile via convertible debt. Luckily, no such debt was added for probably a year now from what I see in filings, but the remainder of the old debt is yet to flush out.
BMIX
Holy volume! 45M shares in the first 1.5 hours of trading! That's almost 6x times average volume!
BMIX
BRAZIL MINERALS, INC. UPDATES ON MINING NEW GOLD AND DIAMOND AREA
PASADENA, CA--(May 14, 2019) - Brazil Minerals, Inc. (OTC: BMIX) (the "Company" or "Brazil Minerals") announced today that it is in advanced planning for a gold and diamond open-sky operation in the Jequitinhonha River Valley. Last week, the Company finished three of a total of six drill holes for the purpose of demarcating the precise boundaries of the initial mining pit. In this mineral right, as previously announced, a drilling campaign showed gold in all 35 drill holes, as well as markers for diamonds in a majority of them. Since this mineral right has a total surface area of 1,310 acres and given its high-quality results to date, it offers the potential to be mined as open pit over a substantial period of time.
In parallel with the above, a Brazil Minerals’ geologist is evaluating where a second gold and diamond operation could be placed among the Company’s many other mineral rights in the Jequitinhonha River Valley, which together have more than 25,000 acres of surface area. Several of these rights are already at the mining concession stage, the highest titled category in Brazil. Currently, there appears to be seven potential new mine sites each within a different mineral right owned by the Company.
Brazil Minerals believes that it is making good progress towards its goal for its Jequitinhonha River Valley assets which is to obtain a steady cash flow stream through profitable mining of gold and diamonds at each site. Such mining will be low-cost, open-sky, year-round using smaller plants based on centrifugation since the gold is found in fine powder format within gravel/alluvium.
https://finance.yahoo.com/news/brazil-minerals-inc-updates-mining-110000348.html