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Re: gitreal post# 18840

Wednesday, 08/03/2016 5:56:00 PM

Wednesday, August 03, 2016 5:56:00 PM

Post# of 55227
Actually, they have a bankable feasibility study! BMIX's subsidiary MDB does. Read the company's SEC filings, they are quite informative.

This bankable feasibility study is also alluded to in their press releases. In the industry, "bankable" is term used because it is accepted by banks for financing.

Copied from their disclaimer --> Cautionary note regarding estimates of Mineral Reserves of Diamonds and Gold as found in MDB’s Bankable Feasibility Study. We advise U.S. investors that while these terms and amounts are recognized by Brazilian regulations, the SEC does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in this category will ever be converted into mineral reserves as defined by the U.S.’s Industry Guide 7.
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