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Sooah

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Sooah

Re: $Pistol Pete$ post# 764

Thursday, 05/21/2015 8:31:59 AM

Thursday, May 21, 2015 8:31:59 AM

Post# of 245520
$BMIX - 10Q in a nutshell

Balance Sheet: Upside down, convertible and derivatives over $1.2 million = expect dilution and lots of it.

Insufficient revenues = insufficient cash flow.

Mining in general, PP, is a very capital intensive business. No matter how much "resources" a mini OTC mining company claims to have, it requires tremendous $$ to turn those resources into reserves. Resources and Reserves are two very different things which peeps often confuse.

"Trade them, don't marry them" seems to befit this one as well.

formerly Ms. BB

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