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No. That's a reduction in the a/s to instill the the confidence for the shareholders. Thats a huge plus....
Tic, toc...
Correct, that's what the article explicitly stated, back in January. The shareholder update in regards with continued operations in Indonesia, and possible expansion there was in March...
The market has always been about net and future earnings, particularly this day and age. So when you see actual fundamentals with positive earnings with having insane potential in their reserves, then hold on for dear life. We haven't even begun to scratch anything as of yet...
Plus, the float here is small.
You need more d.d. Thats just one of many drilling and production sites they have across the globe. You are speculating on a small portion of their business. Particularly when you compare it to the Moosehorn project which is estimated to have $1.8 billion in reserves for gold in which they own 100% of...
They have many production sites. No permits were revoked and the covid restriction has eased in Indonesia and will commence operations as recently stated in a shareholder update. If anything, production will expand there.
“Overall, we are very satisfied with the Company’s performance for the period and particularly pleased that the operations at our Talawaan facility continued to maintain the strong profitability of the past 18 months from continued exploitation of the anomalous high-grade reef structure running across the northern perimeter of our property. This, above plan performance has enabled the Company to offset any possible impact of the suspension of the heap leaching operations at Alason resulting from Covid induced restrictions. In all likelihood, given the recent announcement of relaxation of Covid restrictions in Indonesia, operations at Alason will recommence in the 3rd quarter of 2022.”
https://www.otcmarkets.com/stock/BMXI/news/Brookmount-Explorations-Inc-Financial-Results-Commentary-and-Shareholder-Update?id=356562
This is insanely undervalued. Only a $5 million market cap, and the share price here should be at least $3.15 now, and that's being conservative...
It's all good brother, and thank you...
Indeed. .20s coming up real soon, then .30s, .50s then over $1.
A lot of players have considerably no clue in what we have here, and how high this shit will go. Remember there are more news of production, acqusitions and partnerships to be announced...
Insane, right? The cost for the initial production in Moosehorn will be significantly less in cost...
Word is just starting to spread...
I'm just a little bummed I didn't find out about this a little sooner. I bought in today with a .155 average.
But I'm confident in where this can and will go...
I laid it out in the d.d pack. But basically, they're projected to make more than $8 million in net earnings per annum w/ their current operations. Now in regards solely with the Moosehorn project, they're expecting to make $7.2 million more in gross revenues for the 1st Q. of next year and $27 million in gross revenues for the remainder of the year. Cost will be around 15% as they specified, so thats a total of $34.2 million for the MH project, minus the cost of the operations of $5.5 million would be $28.7 million in earnings, plus the $8 million they will make.
$36.7 million divided by their current o/s is $1.12 a share. Multiply a conservative p/e of 15x is $16.94.
If they're expected to make 2x more than that in production, that would be around $33 a share, which could feasibly happen.
As Q said, it can be much, much more if you use the key metrics he provided.
Hope this helps.
Yeap, those are the specific key metrics for this sector which I didn't include. I gave a general and a very conservative price to earnings ratio which was just the the ttm average.
Great data to help support the fundamentals if and when this goes to $10+ a share. It would be more than justified.
This is utterly udervalued. No two ways about it. If they're projected to make 2x from what theyre expected to make, we could see $33 a share in the not too distant future...
$bmxi big play. 20x to 90x short term.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169682336
$bmxi big play. 20x to 90x short term.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169682336
And the market cap is only $5 million...
Buy and hold and load for gold. This tiny share structure is a huge plus for locking up the float...
This is almost incomprehsible for a penny stock with actual net earnings where true fundamentals can be applied.
Extremely uncanny...
Thanks. But I did all the research this weekend before I got in today.
Fundamentally, this is super undervalued, and the potential here is out of this world.
This should be trading anywhere from a minimum of $3.15 to $16.50 now.
BMXI Quick D.D
(This should be anywhere inbetween a minimum of $3.15 to $16.50 a share now)
-Market Cap $4.5 million
-Float 12,753,464
-Outstanding Shares 32,533,976
-Total Assets $24.3 million (Net equity 22 million)
-EPS is .21 in the last 4 quarters.
-They recently acquired the Moosehorn project and own 100%. They have a confirmed reserves of 39,000 oz.au with an N43-101.
Need further drilling to update the confirmed 100,000 au from another party, but they suspect the reserves are to be worth 1,000,000 oz.au with further analysis.
So the Moosehorn property may hold up to $1.8 billion in reserves for gold.
-Company is going to uplist on Amex or Nasdaq. They've assembeled 2 of 3 year audits and will complete their 3 year audit by the end of May 2022, which has already passed.
-More acqusitions, drilling and productions have been made and are underway.
-Their price to earnings ratio in the Gold sector for mining companies are at an average of 15x. some of them can go for 40x or more.
With an eps of .21 for the ttm, multiply the p/e of the sectors average of 15x, and that equates to $3.15 a share. That's where they should be trading at the very minimum today.
However it should be worth more imso with the guidance they recently gave with a forward looking basis.
They said theyll be able to produce the initial production run for the Moosehorn project of 4,000 oz.au by the 1st quarter of next year, and full capcity production by next year where they expect to produce 15,000 oz.au. So thats a total of 19,000 oz.au. which equates to $34,200,000. The cost of that for the drilling and production rollout is estimated to be $5.5 million. The cost would be only 15% of the gross revenue.
So their net earnings on that project would be worth $28.7 million for next year. Thats on top of what theyre currently making. Which is currently around $7 million in earnings. That would be a total of $35.7 million. Divide that by their o/s of 32.5 million, and that equals $1.10 earnings per share. Multiple that by the p/e of 15x, and that equals $16.50. Thats a forward looking basis of only 1 year. Some companies go further out to 2,3 or even 5 years away.
But that's just the initial production for the first year at Moosehorn That maybe improved by 2x, 3x, or even more.
Or, you can just include what they're expected to make for the 1st quarter of next year on the Moosehorn project alone. That would be 4,000 ounces of gold which would be $7.2 million. Apply the 15% cost of the revenue, and their net earning would be $6.1 million.
Plus the $8 million in earnings they're expected to make, gives them a total of $14.1 million in total net earnings for 4 quarters. Divide that by the current o/s, and that gives you an eps of .43 a share. Multiply that by a p/e of 15x, and that gives you $6.51 a share. Thats where they should be trading today imso.
But they could be trading at $16.50 with a 1 year forward looking p/e based on what they're expected to make. But they could be making alot more than what theyre expected to make, based o all these other projects they have coming up.
Their Indonesian projects are getting less restrictive with Covid, so the expectations to see more revenue from there are extremely likely imso.
They recently acquired more projects around the Moosehorn property, among have more working projects, acquisitions and partnerships that are underway.
(Another collasal project they planned on purchasing was Macquarie Metals ltd for 100% interest. They own 98% of Vantage Goldfields ltd., which has a total of 4.3 million oz
au. That equates to $7.7 billion worth of gold. The value of that property is worth $300 million, but there is a litgiation going on with Marquairie Metals vs SSC. Only one will have the rights to mine there, so take it for what it is, as that is still up in the air.)
A couple years out where they can generate 3x more than what they're expected to make, this could see $50 a share, or possibly even more.
This should be trading well over .50 now and we'll over $1 in the not so distant future...
Holy Cow! That corporate update was nothing short of phenomenal. There were so many explosive goodies in there, I am literally speechless...
https://www.otcmarkets.com/stock/IBGR/news/DRYWORLD-Corporate-Update-July-2022?id=364517
$ibgr, Wow, mother of all updates last night after
https://www.otcmarkets.com/stock/IBGR/news/DRYWORLD-Corporate-Update-July-2022?id=364517
$ibgr, Wow, mother of all updates last night after
https://www.otcmarkets.com/stock/IBGR/news/DRYWORLD-Corporate-Update-July-2022?id=364517
Big things are happening. Get ready!
We'll be back up to .50 in no time. Then the fun will start...
Oh boy. Getting ready to drop some bombs and disclose their internal operations...
$ibgr
Nice! KTLA Channel 5 is huge for media exposure.
No doubt...
Very nice...
I'm going to reveal something that I've never mentioned to the public before.
I've talked with one of the executives about a year ago and he told me something that really hyped me up at that time.
So I believe it was the year 2017, where Dryworld was talking with the biggest star in MMA. Yes, none other than Conor Mcgregor. This was just right before the Mayweather fight.
Conor Mcgregor tested and wore Dryworld's proprietary compression shirt. In fact, Conor loved it so much, he actually offered Dryworld to be a brand ambassador from my understanding.
However when they talked with Conor's management team, they wanted $20 million up front. Needless to say, Dryworld was in no position to make that deal happen.
True story. Conor Mcgregor loved Dryworld's compression shirt and wanted a deal with them...
(Like I said, these guys knows the biggest names in all of sports)
Here's just one of many mountainous reasons to buy.
The compression shirt market is still in it's infancy stages, but it's going to take off and become gigantic like how yoga pants were for Lululemon.
It covers Soccer, Football, Rugby, Yoga, Cycling, Fitness and much more.
Brian & Matt knows the President of the Carolina Panthers, the CFO of Manchester City, and many more big executives from the biggest sports teams in the world that might support or wear our compression shirts.
Signing a 5 year contract w/ the Ospreys and having support from their partners to show our compression shirts is absolutely monumental. That will give us validity in the world of sports and set the stage to present our proprietary compression shirts to the world.
Many more deals with other sports teams from around the world can come from this, and of course, recognition, exposure, and shit load of sales.
Guys, as Lululemon changed the game for yoga pants, Dryworld can do the same for compression shirts. And it's all happening right now...
Without a shred of a doubt...
Nice write up on the DK Collection...
https://www.dryworldshop.com/blogs/d-word/hauted-by-dk
Yes, I can't wait to hear more. I'm sure they've continued their hard work to create more value for their brand and the shareholders...
Nice. I believe their next season starts September of this year in 2022. They would probably reveal it the month before, or at least give a sneak peak. So probably August or even July. They did the same thing with SLT, and Darya's Haute D line...
There's definitely some big ties and connections between Dryworld and the NZ Hurricanes.
-Both the Ospreys & Hurricanes are owned by the same owner.
-The Hurricanes has been following Dryworld and liking their posts as of late.
- The Director of the Ospreys just posted about the new ownership with the Hurricanes and said they will be moving forward "together"
How does Dryworld not engage with the Hurricanes after all this, especially when they have close access to them and when they are coming out with patented and proprietary rugby/soccer/football products?
And why would a caliber team like the Hurricanes ever take the time to follow and like Dryworld posts?
Hmmm...
There's something def. going on here imso...
Holy toledo! This contract would be huge and we might be getting it...
$ibgr / Dryworld
— Infinity36 (@_Infinity36) April 26, 2022
💥Whoah💥https://t.co/4RIZt3OzJn