... it's a big blue watery road ...
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So only 15% discount to market and BMIX worth $80M for warrant purposes. This is excellent for a company that traded at 2M market cap only a couple of months ago... Well done...
BMIX
Huge news for BMIX today! Only the matter of time until some large fund buys into Jupiter as well!
https://finance.yahoo.com/news/triton-funds-purchase-5m-brazil-151000086.html
HUGE news today - this essentially eliminates any need for further dilution near-term.
https://finance.yahoo.com/news/triton-funds-purchase-5m-brazil-151000086.html
Steady accumulation here every day.
JUPGF
Nice rebound after the mini-dump.
BMIX
SmallCAPS Investment Research: JUPITER GOLD PLANS OUT A LUCRATIVE 2021.
Jupiter Gold Corporation (US:JUPGF – $1.93) announced its plans for 2021 earlier this week. It aims to become a revenue generating entity during the year by getting its quartzite mine up and running. It also provided an update to its prospective gold exploration projects in Brazil.
Quartzite Mining Operations Planned For The Second Half of 2021
We have discussed Jupiter Gold’s quartzite mining opportunity in previous articles. We are pleased that the Company provided an update and the plans remain on track. The biggest hurdle, and therefore the biggest positive catalyst once accomplished, is gaining an operational permit from the appropriate regulatory agency for commercial mining. Jupiter Gold is working to get that permit by the third quarter of this year. Once receiving government approval, operations should be straightforward as the mine will be a simple open pit operation. Brazil is well-known for its quartzite exports and Jupiter Gold should have no issue finding the qualified workers and equipment for operations. Combine that with the Company’s experienced management team and we believe this will be “low-hanging fruit” cash flow.
Jupiter Gold’s 100%-owned Quartzite Project comprises of four quartzite deposits across 2,152 acres. The Company estimates a total of 3.7 million tons of quartzite contained within the four deposits. Given that the average selling price of quartzite is in the range of $1,800 to $2,000 per cubic meter, it’s clear that this can be a very lucrative operation for years to come. The Company expects that the Quartzite Project could last a decade or more with net margins of at least 60%.
Jupiter Gold Will Leverage Quartzite Mine Cash Flow To Develop Its Gold Projects
As we have mentioned in more detail in previous articles and our latest Research Report, Jupiter Gold has several gold exploration projects across Brazil. The two projects the Company plans to mainly focus on in 2021 will be Alpha and Alta Floresta. The Quartzite operations will provide more than enough cash flow to support drilling at these locations and speed up the timelines of their development.
Geologists at work at the Alpha Project
Jupiter Gold has been aggressively expanding its 100%-owned Alpha Project. In 2019 it had one mineral right with 4,653 acres but has since purchased eleven more to increase its total land package to 34,911 acres. The project is situated entirely within the Rio das Velhas Greenstone Belt, referred to by experts as “Brazil’s premier gold province”. The initial NI 43-101, which covers only 2% of the project’s area, already has an estimate of 82,300 ounces of gold. This is over $150 million US worth of gold in just one barely explored project. Multiple geological studies are ongoing which indicate the potential for far more gold mineralization to come.
The Alta Floresta Project comprises of three mineral rights across 24,395 acres. It’s located in the Alta Floresta Auriferous Province, another well-known gold producing area along with copper, in the state of Mato Grosso. One of the mineral rights sits next to a gold mine which produces over 125,000 ounces of gold annually. The Company’s technical team believes that the geology of that mineral bodes well for the prospects of Jupiter Gold eventually developing its own gold mine. If this is the case, the Quartzite operations will enable the Company to self-fund the capex to build out the mine. One of the mineral rights also shows strong potential for copper and manganese in addition to gold, both of which are important to the development of electric vehicle batteries.
Looking beyond Alpha and Alta Floresta, Jupiter Gold has 100% ownership of an additional 82,997 acres of mineral rights for gold spread around various parts of Brazil. But between the Quartzite Project, Alpha and Alta Floresta, the investment thesis is already clear.
Jupiter Gold Is A Great Value For A Very Cheap Price
Jupiter Gold has only 5.8 million shares outstanding and no debt. Given that the quartzite operations are expected to provide cash flow to fund the Company’s foreseeable needs, we don’t expect a major requirement for financing going forward. That makes Jupiter Gold’s valuation of $7 million very enticing. An investor would be hard pressed to find a similar company on the OTC or TSX Venture Exchange that could be purchased for such a low valuation that offers the type of land package that Jupiter Gold has while also having a low risk of dilution.
Jupiter Gold remains under the radar and very thinly traded, though it has picked up in volume to the point where shares are traded nearly every day. Those investors with the patience to accumulate and hold the stock throughout 2021 until the Company shows cash flow positive operations and strong gold exploration results should be well rewarded.
Smallcaps Recommendation: BUY with a price target of $2.40.
https://smallcaps.us/jupiter-gold-plans-out-a-lucrative-2021/
SmallCAPS Investment Research: JUPITER GOLD PLANS OUT A LUCRATIVE 2021.
Jupiter Gold Corporation (US:JUPGF – $1.93) announced its plans for 2021 earlier this week. It aims to become a revenue generating entity during the year by getting its quartzite mine up and running. It also provided an update to its prospective gold exploration projects in Brazil.
Quartzite Mining Operations Planned For The Second Half of 2021
We have discussed Jupiter Gold’s quartzite mining opportunity in previous articles. We are pleased that the Company provided an update and the plans remain on track. The biggest hurdle, and therefore the biggest positive catalyst once accomplished, is gaining an operational permit from the appropriate regulatory agency for commercial mining. Jupiter Gold is working to get that permit by the third quarter of this year. Once receiving government approval, operations should be straightforward as the mine will be a simple open pit operation. Brazil is well-known for its quartzite exports and Jupiter Gold should have no issue finding the qualified workers and equipment for operations. Combine that with the Company’s experienced management team and we believe this will be “low-hanging fruit” cash flow.
Jupiter Gold’s 100%-owned Quartzite Project comprises of four quartzite deposits across 2,152 acres. The Company estimates a total of 3.7 million tons of quartzite contained within the four deposits. Given that the average selling price of quartzite is in the range of $1,800 to $2,000 per cubic meter, it’s clear that this can be a very lucrative operation for years to come. The Company expects that the Quartzite Project could last a decade or more with net margins of at least 60%.
Jupiter Gold Will Leverage Quartzite Mine Cash Flow To Develop Its Gold Projects
As we have mentioned in more detail in previous articles and our latest Research Report, Jupiter Gold has several gold exploration projects across Brazil. The two projects the Company plans to mainly focus on in 2021 will be Alpha and Alta Floresta. The Quartzite operations will provide more than enough cash flow to support drilling at these locations and speed up the timelines of their development.
Geologists at work at the Alpha Project
Jupiter Gold has been aggressively expanding its 100%-owned Alpha Project. In 2019 it had one mineral right with 4,653 acres but has since purchased eleven more to increase its total land package to 34,911 acres. The project is situated entirely within the Rio das Velhas Greenstone Belt, referred to by experts as “Brazil’s premier gold province”. The initial NI 43-101, which covers only 2% of the project’s area, already has an estimate of 82,300 ounces of gold. This is over $150 million US worth of gold in just one barely explored project. Multiple geological studies are ongoing which indicate the potential for far more gold mineralization to come.
The Alta Floresta Project comprises of three mineral rights across 24,395 acres. It’s located in the Alta Floresta Auriferous Province, another well-known gold producing area along with copper, in the state of Mato Grosso. One of the mineral rights sits next to a gold mine which produces over 125,000 ounces of gold annually. The Company’s technical team believes that the geology of that mineral bodes well for the prospects of Jupiter Gold eventually developing its own gold mine. If this is the case, the Quartzite operations will enable the Company to self-fund the capex to build out the mine. One of the mineral rights also shows strong potential for copper and manganese in addition to gold, both of which are important to the development of electric vehicle batteries.
Looking beyond Alpha and Alta Floresta, Jupiter Gold has 100% ownership of an additional 82,997 acres of mineral rights for gold spread around various parts of Brazil. But between the Quartzite Project, Alpha and Alta Floresta, the investment thesis is already clear.
Jupiter Gold Is A Great Value For A Very Cheap Price
Jupiter Gold has only 5.8 million shares outstanding and no debt. Given that the quartzite operations are expected to provide cash flow to fund the Company’s foreseeable needs, we don’t expect a major requirement for financing going forward. That makes Jupiter Gold’s valuation of $7 million very enticing. An investor would be hard pressed to find a similar company on the OTC or TSX Venture Exchange that could be purchased for such a low valuation that offers the type of land package that Jupiter Gold has while also having a low risk of dilution.
Jupiter Gold remains under the radar and very thinly traded, though it has picked up in volume to the point where shares are traded nearly every day. Those investors with the patience to accumulate and hold the stock throughout 2021 until the Company shows cash flow positive operations and strong gold exploration results should be well rewarded.
Smallcaps Recommendation: BUY with a price target of $2.40.
https://smallcaps.us/jupiter-gold-plans-out-a-lucrative-2021/
Just place a bid at close to offer and let it sit there, you don’t have to slap the ask just yet. I think you have time to wait out and get filled at the bid until the next big PR comes - at which point the ask slapping may start.
Dilution is issuance of new shares. These shares existed for years and were just now sold. I suppose every long-term shareholder who finally takes profit on their shares is also diluting...
What do the say nowadays - DIAMOND HANDS ;) Haha
He hasn’t been paid any cash salary in years, his salary has been paid exclusively with BMIX shares. If this is not a sign of commitment to shareholder interests, I don’t know what is. L
This Form 4 is him basically getting some of his deferred salary, I don’t see anything wrong with it. He still has 284,000,000 shares left after selling only about 3% of his holdings.
BMIX
Steady as she goes...
For sure! This is just the start for Jupiter - it should not be trading at lesser market cap than BMIX, which currently trades at $80 - $100M cap. This translates into $13-$15 per share for Jupiter given its tiny float of only 5.7 million shares.
In 2021, the Company aims to have its quartzite mine in operation and generating revenues. In 2021, the Company will also advance its exploration work in two large gold projects, Alpha and Alta Floresta. Revenues from quartzite sales may be reinvested for more rapid development of these gold projects. Jupiter Gold has no debt and 5,780,165 shares of common stock outstanding.
In 2021, the Company aims to have its quartzite mine in operation and generating revenues. In 2021, the Company will also advance its exploration work in two large gold projects, Alpha and Alta Floresta. Revenues from quartzite sales may be reinvested for more rapid development of these gold projects. Jupiter Gold has no debt and 5,780,165 shares of common stock outstanding.
February 1, 2021 - Jupiter Gold Reports on Several Fronts
Belo Horizonte, Brazil--(Newsfile Corp. - February 1, 2021) - Jupiter Gold Corporation (OTCQB: JUPGF) ("Jupiter Gold" or the "Company") summarized today its strategy for the next 12 months. In 2021, the Company aims to have its quartzite mine in operation and generating revenues. In 2021, the Company will also advance its exploration work in two large gold projects, Alpha and Alta Floresta. Revenues from quartzite sales may be reinvested for more rapid development of these gold projects. Jupiter Gold has no debt and 5,780,165 shares of common stock outstanding.
Jupiter Gold expanded its 100%-owned Alpha Project from one mineral right with 4,653 acres in 2019 to 12 mineral rights with 34,911 acres today. The Alpha Project is situated entirely within the Rio das Velhas Greenstone Belt, referred to by experts as "Brazil's premier gold province" (see citation below). Some of Brazil's largest gold mines have existed in this mining district. The Alpha Project's initial NI 43-101 (studies conducted in less than 2% of the project area) reports gold mineralization at 82,300 ounces. Multiple geological studies are ongoing to ascertain a lot more information on this project which appears to contain more gold mineralization than originally thought.
Jupiter Gold's 100%-owned Alta Floresta Project comprises three mineral rights with 24,395 acres in the Alta Floresta Gold District in the state of Mato Grosso. One of the mineral rights sits next to a gold mine which produces over 125,000 ounces of gold annually. The Company's technical team believes that the geology of that mineral bodes well for the prospects of Jupiter Gold eventually developing its own gold mine in such district.
Jupiter Gold's 100%-owned Quartzite Project has a size of 2,152 acres and contains four quartzite deposit areas. The Company is expeditiously pursuing the necessary steps to receive an operational permit from the appropriate regulatory agency for commercial mining via a simple open-pit operation by the third quarter of 2021. The estimated amount of available quartzite is 3.7 million tons with an estimated average selling price in the range of $1,800 to $2,000 per cubic meter. Given these assumptions, the Company expects a profitable operation of the Quartzite Project that could last a decade or more at net margins of 60% or more.
In addition to these three main projects briefly summarized above, Jupiter Gold has 100% ownership of an additional 82,997 acres of mineral rights for gold spread around various parts of Brazil, including the Amazon, a relatively underexplored gold mining frontier.
Article Cited: Lobato, L.M., Ribeiro-Rodrigues, L.C., Zucchetti, M. et al. Brazil's premier gold province. Part I: The tectonic, magmatic, and structural setting of the Archean Rio das Velhas greenstone belt, Quadrilátero Ferrífero. Min Dep 36, 228-248 (2001).
About Us
Jupiter Gold Corporation (OTCQB: JUPGF) owns 100% of the Alpha Gold Project, a 34,911-acre greenstone belt project in Minas Gerais in an area known as the "premier Brazilian gold province." Jupiter Gold also owns 100% of the Alta Floresta Gold Project, a 24,395-acre gold project in the gold district of Alta Floresta in Mato Grosso. Additionally, Jupiter Gold is developing a quartzite mine which it expects to be in commercial operation in 2021. Brazil Minerals, Inc. (OTC Pink: BMIX) owns an equity stake in the Company. More information on Jupiter Gold is available at www.jupitergoldcorp.com.
https://finance.yahoo.com/news/jupiter-gold-reports-several-fronts-151500655.html
February 1, 2021 - Jupiter Gold Reports on Several Fronts
Belo Horizonte, Brazil--(Newsfile Corp. - February 1, 2021) - Jupiter Gold Corporation (OTCQB: JUPGF) ("Jupiter Gold" or the "Company") summarized today its strategy for the next 12 months. In 2021, the Company aims to have its quartzite mine in operation and generating revenues. In 2021, the Company will also advance its exploration work in two large gold projects, Alpha and Alta Floresta. Revenues from quartzite sales may be reinvested for more rapid development of these gold projects. Jupiter Gold has no debt and 5,780,165 shares of common stock outstanding.
Jupiter Gold expanded its 100%-owned Alpha Project from one mineral right with 4,653 acres in 2019 to 12 mineral rights with 34,911 acres today. The Alpha Project is situated entirely within the Rio das Velhas Greenstone Belt, referred to by experts as "Brazil's premier gold province" (see citation below). Some of Brazil's largest gold mines have existed in this mining district. The Alpha Project's initial NI 43-101 (studies conducted in less than 2% of the project area) reports gold mineralization at 82,300 ounces. Multiple geological studies are ongoing to ascertain a lot more information on this project which appears to contain more gold mineralization than originally thought.
Jupiter Gold's 100%-owned Alta Floresta Project comprises three mineral rights with 24,395 acres in the Alta Floresta Gold District in the state of Mato Grosso. One of the mineral rights sits next to a gold mine which produces over 125,000 ounces of gold annually. The Company's technical team believes that the geology of that mineral bodes well for the prospects of Jupiter Gold eventually developing its own gold mine in such district.
Jupiter Gold's 100%-owned Quartzite Project has a size of 2,152 acres and contains four quartzite deposit areas. The Company is expeditiously pursuing the necessary steps to receive an operational permit from the appropriate regulatory agency for commercial mining via a simple open-pit operation by the third quarter of 2021. The estimated amount of available quartzite is 3.7 million tons with an estimated average selling price in the range of $1,800 to $2,000 per cubic meter. Given these assumptions, the Company expects a profitable operation of the Quartzite Project that could last a decade or more at net margins of 60% or more.
In addition to these three main projects briefly summarized above, Jupiter Gold has 100% ownership of an additional 82,997 acres of mineral rights for gold spread around various parts of Brazil, including the Amazon, a relatively underexplored gold mining frontier.
Article Cited: Lobato, L.M., Ribeiro-Rodrigues, L.C., Zucchetti, M. et al. Brazil's premier gold province. Part I: The tectonic, magmatic, and structural setting of the Archean Rio das Velhas greenstone belt, Quadrilátero Ferrífero. Min Dep 36, 228-248 (2001).
About Us
Jupiter Gold Corporation (OTCQB: JUPGF) owns 100% of the Alpha Gold Project, a 34,911-acre greenstone belt project in Minas Gerais in an area known as the "premier Brazilian gold province." Jupiter Gold also owns 100% of the Alta Floresta Gold Project, a 24,395-acre gold project in the gold district of Alta Floresta in Mato Grosso. Additionally, Jupiter Gold is developing a quartzite mine which it expects to be in commercial operation in 2021. Brazil Minerals, Inc. (OTC Pink: BMIX) owns an equity stake in the Company. More information on Jupiter Gold is available at www.jupitergoldcorp.com.
https://finance.yahoo.com/news/jupiter-gold-reports-several-fronts-151500655.html
Technically, BMIX recently appreciated 50x in the matter of weeks and it would be plausible for Jupiter to go through the same. But, in reality, speaking from my personal experience, it is much more common to see a penny stock go from $0.001 to $0.05 than from $1 to $50... There is a large psychological barrier to buying into a speculative company at, say, $10 or $20 per share even though the mathematics at a more granular level may as well stay the same.
Jupiter is in the different league from BMIX and Jupiter will trade differently from BMIX, it just will.
However, my personal reason for being more heavily involved in Jupiter than in BMIX is that Jupiter may have a real shot at uplisting to a big-boys exchange given how clean it is and its current share price and structure. If it were uplist, the valuation would most likely fall anywhere between $50-$100MM, in my opinion. Also, while one awaits for that to happen, they may sleep better at night knowing that there is no convertible debt to be slowly eroding the valuation as soon hype subsides.
Given that Jupiter has now discovered quartzite deposits which provides the company with the potential of becoming cashflow positive later in 2021, as well as no convertible debt whatsoever and other assets, I think the JUPGF needs to be trading at $30-$50MM market cap, which would translate to $5-$8 per share or so. This would still represent only 1/3 to 1/2 of BMIX's current market cap.
JUPGF
I don’t think this particular report is what prompted the recent volume increase here - I think it was purely due to sympathy with BMIX. Brazil Minerals now has $100,000,000 market cap. Jupiter has comparable assets and the same CEO and direction while its market cap is only $8,000,000. Jupiter also has no convertible debt while BMIX still has some leftover convertibles. One may argue that taking profit in BMIX and adding more JUPGF right now would be a wise risk management decision without changing overall investment vector, but of course I am biased as my investment in Jupiter is much larger :)
Good luck!
Latest 1/23/2021 Jupiter Gold (JUPGF) Report
https://smallcaps.us/reports/CR_JUPGF.pdf
Source: https://smallcaps.us/jupiter-gold-an-undiscovered-gold-gem-in-brazil/
Latest 1/23/2021 Jupiter Gold (JUPGF) Report
https://smallcaps.us/reports/CR_JUPGF.pdf
Source: https://smallcaps.us/jupiter-gold-an-undiscovered-gold-gem-in-brazil/
Jupiter looks stronger than it ever looked. Most likely in sympathy with BMIX.
Bid is finally stacking up. Thanks, BMIX :)
10,000 on the bid at $0.75 - I think Jupiter is getting some sympathy volume from BMIX's newly gained attention!
JUPGF
Holy shit, BMIX :) Say what you will about this stock, but a run from $0.001 to $0.02 in the matter of mere days is to be respected.
Just wow.
BMIX appears to be a momentum play right now. An army of penny stock gamblers each threw a couple of grand at the stock and it snowballed from there.
Jupiter's price is outside of what iHub penny players are traditionally interested in. Jupiter will actually have to wait for tangible results and real news to move.
JUPGF
I must say, I would not have expected this much volume without any particular news. The BMIX narrative appears to be intact.
Agreed. At some point the never-ending project accumulation has to stop and the focus has to shift to capitalizing at least one of them. The financing via dilution game can only go on for so long before the investors will give up for good.
Wow. Impressive volume today, but I don't see this ticker advancing sustainably until either the remainder of the convertible debt has been flushed or the company begins to generate real revenues.
Jupiter’s Twitter account started getting regular updates - we got a pulse!
https://mobile.twitter.com/JupiterGoldCorp
1,997,930,297 shares of common stock issued outstanding as of December 31, 2020
Just raised to 2.5 billion.
Nice volume today, I wonder if there is some BMIX sympathy going on.
The same people who front-loaded 100M or so prior to pumping this up for their personal gain.
Definitely P&D. These don't last in the long term.
It is all up to the folks who are orchestrating this ;)
Gotta admit it, the current pump has been quite successful. BMIX certainly has the share structure and story for things like that to work every now and then.
The volume is drying up so expect a high-volume dump shortly. BMIX is a low-floater so it is ripe for intermittent manipulation campaigns such as right now. Unfortunately, these types of campaigns often leave the stock even more damaged in the end. True investors will continue to wait for convertible debt to flush out and for revenue to finally come in.