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Exactly, thank you! ------->
$BMXI Apples to Apples. Gold Miners w PE great then Zero (Profitable) Worst Market Cap 158M vs BMXI 7.5M So that company is 21x higher then BMXI..
— Due Diligence Virtuoso (@stock_hacker) April 15, 2023
BMXI .13 x 21 = $2.73 LOW END COMPARISION. pic.twitter.com/XAoTXcocqw
Interesting note on that. BMXI has the most abysmal correlation to Au out of ALL of the miners. Probably the worst. But, I read that as a measure of whose hands we're in here. Surely we're not in the hands of the wider mining investor community, who, over the last few weeks whilst gold has been mooning, have been placing vicarious higher beta bets through miners. Why not here?
Quite simply, I believe the market is not placing a value on the gold under their feet.
But I can't blame them because its a lot of "possible" reserves here as opposed to actual reserves. That's the price we pay for being early, and the risk we take.
All juniors are risky. But I wonder if this "Nils Gambit" of buying a swathe of previously unprofitable mines in the hopes higher Gold prices will tip the scales in their favor will not only pay off, but spread around the risk. So that the failure of any single project, unlike most Juniors, won't break the entire company. (It'll sting we little guys here though I'm sure). ---> I just worry about dilution, and maybe thats what more experienced mining investors see as inevitable here.
Exactly. I get the sense Nils, himself, is gambling on these smaller projects able to cash flow @ higher gold prices but could not in the last 5+ years @ lower gold prices. That's the ride we're on with him.
As for this new project, lots of unknowns. But we could take the previous economics of the past operation and plug them into the equation to guess about its value. They already have an average gpt figure, where's that coming from if they hadn't already drilled and paid for an assay in the past? Then they say they need to drill more and get more assys: more time and money, who's paying for that?
Why did the operation shut down? Is it not economically feasible? Perhaps at $1600-1800 gold, but at $2100+ gold? That's the gambit I guess, with all these projects. The "Nils Gambit"
Assuming $1200/oz cost
@$2000/oz Au
76,000 tonnes x 0.17 (6gpt) = 12920 Au Oz
=================================
Revenue: $25,840,000
Cost: $15,504,000
Gross: $10,336,000
Brookmount's share (70%): $7,235,200 (Total, not per annum)
Current MC: $6.87m
Where are the shares coming from?
Agreed. @Lottoplay also agreed. Its a real interesting set of circumstances going for them, if we take it all at face value. And it seems to me the financials are pointing in a positive direction. I could be wrong but it seems Nils keeps notching the company away from having to dilute to fund future operations; operations where the real value will be found for us - someday. Plus all the insiders own ~16% which is another notch away from dilution. Plus I have a hard time believing Au/Ag doesn't take off in price soon (this year) which will revalue all the miners upwards. PooPoo happens of course, in a flash too. As for right now, glad I was adding at $0.10 - $0.11 the past couple of days, up lots.
As for the future, at first I thought Nils was just lying about wanting to become a producer, it seemed he was on the JV with (or Sell Out to) a Major trajectory. But hey, he might actually pull this off. Won't be quick. Hanging in there.
We could give Nils the benefit of the doubt, there are circumstances where less is more, and too much PR too early would be a detriment to deal making, regulatory scrutiny, politicians, environmentalist groups etc.
I really dunno, all these companies are crap shoots until they produce, and by then, big money already moved in and made the stock less attractive for us. But we also need to realize its very early for this company. Its going to cost a lot of money to explore their northern properties which will be the motherlode in comparison to all their other properties, in theory. If the Brazil deal is actively going to produce them 5400 ounces per year, even though that's puny in the grand scheme, that's vital for the phase they're at. Again, 5400/year puts them ahead of hundreds of other little guys producing bupkis, whilst they burn cash and dilute shareholders.
I'll be there next time. I have a lot of questions. Because the way the Brazil presentation is worded excites me but gives me pause at the same time. To that point, if I can channel my poetic side in saying: their PR sucks /-\$$. Remember when they were creating a new website last year? Well, all they did was change the Squarespace template, same info as before, same wording, same bare bones info, I have to google for information only to be taken back to their own website, information that should be right there ready to go.
Look at these guys. https://www.nevadaexploration.com/ They have ZERO g-damn ounces, only $2m cash left, and the end could be nigh for them if they don't prove out soon, and yet their website is like Shangri-La compared to BMXI. In reality BMXI is light years ahead of them (if we take the financials and presentations at face value)
I'm not wantonly complaining either, it matters. Remember, there's 500+ other little miners all scrambling for the same nut. To that end, it also behoves Nils to get Errin Kimball on these calls. Start talking mining investors more, and less to P&D'ers. No one knows about them on CEO.ca, or other mining community forums. Its only talked about here, the P&D capital of the universe. Its a problem.
I said my piece.
How do you guys interpret the Brazil deal?
I see language there that would merely put all those resources in the "inferred" column, i.e., the lowest confidence level. Also, is it 100k ? or 250k ounces?
It matters because, if they do now own control of 100-250k ounces, that puts them ahead of hundreds of other companies. If some of that moves over to Measured, it puts them ahead of many more. (many of whom have higher Marketcaps with ZERO ounces)
Also, what is the deal with the 47k? Does that merely imply that 47k has been mined in the past @5400 oz per year over 8 years? Are they trying to imply the same zone of the open pit will produce 5400 oz per year moving forward in the 100k inferred oz zone?
If its the latter, and its 53k ounces left out of the 100k that would give the mine life another 9 years @5400 per year, less 25% to the operator. It also gives us some numbers we can use to estimate the NPV of the mine itself @$20m ... but the deal did cost them $5m and 49%.
It will be interesting to see if Au does increase to, $2200+. $5m MC would just be ludicrous at that point. Unless there's some D-baggery afoot here.
Same here. I go back and forth liking and disliking them myself. Skeptical and hopeful. But I'm putting it in the context of the entire market situation. It looks like Nils and co are gambling on higher PM prices by holding supply back from the market as the report suggests. I'm gambling on higher PM prices also, by spreading out with a bunch of miners of various stages of development and SLV/GDX/GDJX calls. BMXI is just a few percent of that, if we crap the bed here, oh well. But in theory SP would slingshot (along with some other "undervalued" names) much more than even the options would. That's not taking into consideration the machinations of Nils and co with respect to everything else.
Time will tell if that was smart or not... its worth a shot....
I will say though, the Brazil acquisition gave me hope they won't have to dilute to fund Yukon/Alaska. I got <beeped> in my <boop> the past couple years b/c of that. The lower Au/Ag went, the worse off these little miners became and were forced to dilute to survive and/or fund finding targets.
That's another thing we should take into account, the report compares BMXI to a large swathe of different miners of various size. To be frank, I don't know if that's proper. Apples vs. Oranges. I'll make a new post about it in a minute.
Judging from the last filing, its around 15-16% insider ownership overall. Not a lot, but still around average for mining companies. Maybe a little less. Continued purchases, however slight would be nice to see, I agree.
Oh well. The Pelosi charm didn't rub off on the offspring I guess.
Short term P&D's maybe speculating on disparities between book value and SP. Long term the value is in Moosehorn becoming economical, and I'm skeptical Nils can take it to production without going into a JV with a major or selling to them outright. Why I think that is, first the odds, 20% of companies in this position make it to production (probably fewer these days because of expenses/inflation and interest rates/harder to get cheaper financing). Next, they're actually surrounded by Majors in that area who buy explorers who do the legwork for them (the phase BMXI is just at the beginning of now). Lastly, Nils strikes me as a great investor type Exec b/c of his background; producer type Exec's are a completely different animal. Its like Bill Belichick planning stuff vs. Tom Brady getting the plan done in the field, both are awesome in their own right.
Also, 39k oz confirmed is an interesting start, toe in the water type of thing, but they'll need to find exponentially more resources to make it economical to take to production or to even interest majors into partnering. Even this phase takes time and money.
To that end, does anyone know if they're actively exploring Moosehorn for more deposits? Is there a drilling plan in place? If yes, how are they funding it? Purely from Indonesia revenue? That would be GREAT, because if not, dilution is common to finance these phases.
I really don't know, I just think they're very very far away from the finish line, (i.e., takeover, JV, or production), and worry how it'll all get financed, but it does interest the heck out of me because *if* everything goes right, we'd have explosive potential.
What do you guys think? Use this as a guide:
I took these notes down:
Talawaan
20 hectare
12 g/t
sales 4.53m
EBITDA 2.69m
current assets 1.72m
total assets 28.13m
Liabilities down 57%
gold production increased 31.4%
First Three quarters aggregate
Sales 13.15m
EBITDA 7.54m
Currenat Assets 1.72m
Total Assets 28.13m
Libatilities Decreased 57% from 2021
Gold Production increased 34%
Got it.
And I found my notes from the meeting.
40k oz Measured at the Yukon property. For the rest I am using Yahoo or the report in the description, or their website.
Does anyone have production and/or measured+inferred ounces at the Talawaan Project? Or annual production figures?
The only one with data is Manado.
Can someone help me fill in the blanks on some data for Brookmount? I know I heard some of this in Nils' zoom meeting at one point but may have changed since then. Others may not be available at all, especially for the Yukon operation:
Current Float?
% of shares held by insiders?
% of shares held by institutions?
Ounces of Gold Measured and Inferred at the Yukon operation?
..the Indonesia property?
Average Grade of Gold?
Recovery Rate* (very important). Indonesia? Yukon?
Tax rate?
When will that be? Before the return of Halley's Comet? Or Hale-Bopp?
Time will tell who is right and wrong.
Good luck to you sitting on the sidelines on this one.
They are fighting the last war. The game is much changed, not one single issue suggests good news for gold and silver, but a combination of many things, e.g.,, comex vaults are being drained, a new Moscow exchange rate, India's silver/gold premiums at all time highs, silver inventories for industries historic lows (which is good for investments in miners), domestic Silver Eagle premiums beyond all time highs, DXY at all time highs (bound to go lower eventually), global liquidity draining from markets QT and eventual pivot going to devalue USD.
I recommend you all begin to listen to the weekly videos from Kenesis. Its the most detailed analysis of whats going on under the hood. Yes there is manipulation, but, according to them there's this massive worldwide pressure on LME and Comex which is whittling away at their credibility as makers of price on a global scale.
The writing is on the wall, imho (which is formed from listening to and reading thousands of hours of research this year), for a major repricing of all precious metals, not necessarily a moon shot on SLV and GLD. In fact, I've deduced from all this research that I need to avoid SLV and GLD specifically because you can be Robinhooded by your broker like they did with GME. Something is about to break. Find some good miners to invest in instead of SLV and GLD. I won't give any specific ones here, plenty of research out there, they're mostly all cheap as hell.
I wish you an even BETTER day, sir.
Wagmi? or what?
Why is this website filled with idiots?
I mean really, if its not surface level thinkers spouting absolute drivel they heard on the deep thinkers on CNN, its pump and dump scammers stealing from everyone.
Where does the biological fact that a woman is born with certain equipment and a man with the opposite set of equipment fit into the "moral superiority based on scientific fact" aka "TRUTH" of the crazy people on the left? Nazi doctors were decried for carrying out expirements on prisoners far less extreme than placing a uterus in a man so he can carry a baby to term.
It cuts both ways. No pun intended.
How do you know? Do you have some inside knowledge?
Latest video:
Amen brother.
Says who?
Do any of these plays actually make money? I see you post gains, the ones that got lucky, but I'm wondering if someone were to actually put equal parts into all these picks, would they actually come out ahead? Or lose money in the long run?
MoonMarket kid got 1000s of his followers rekt this year. Maybe shouldn't lead off this forum with a video from him. Just saying. He may be right in the long run, but that puts him in the rain maker category, not some great investing mind.
Do you have any substantive evidence Trump was a Putin Puppet? Or just rumors which are derivatives from years and years of MSNBC/CNN/WASHINGTON POST drivel?
Because, I follow peoples actions instead of words. Trump was extremely hard on Putin up to the point of provoking a world war, which is something Obama and Biden have no qualms about. A world war in which plebs like you and I will be vaporized.
[url=https://ibb.co/3FZzTLS][/url]
Trust me, whether you're a republican or democrat, Trump stood between us and Neocon maniacs like John "Never Saw A Country I didn't want to bomb" Bolton. Bolton and his ilk are where these rumors began btw, along with Hillary who is a neocon in a blue outfit. And its all about money and power, not ideals.
Shocking what lengths people will go to defend a narrative that will not only hurt their own pocketbooks, but also have a high likelihood of getting themselves, their families vaporized by a Russian MIRV. (All because a bought and paid for media told them its true).
Bottom line: Get a grip.
I'm going to bookmark this. See you Monday.
Based AF.
There's that word GEM again.
Thanks for sharing. I wish I had put more into it than Katusa's OFSTF, but thats spilt milk under the bridge.