Saturday, May 25, 2019 11:31:49 AM
BMXI reported 2018 revenues of about $6M. Clearly my estimate from the gold disks of about $3.6M is significantly below BMXI's reported value.
What could explain this difference?
Well, there are several possibilities:
a) Production yields will likely vary from run to run, however, I have no idea how large or small that variation might be.
b) Perhaps they are operating another leach pad in another area? I don't know (IDK)
c) Maybe BMXI has other sources of revenue besides sales of gold? IDK
d) Maybe the 6 disks shown on their Twitter page do not represent an accurate figure for the total amount of gold BMXI recovers every six weeks. (IDK)
Other comments will be appreciated.
Recent BMXI News
- Form 1-A/A - Offering Statement [Regulation A]: [Amend] • Edgar (US Regulatory) • 08/30/2024 04:31:45 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 06:13:31 PM
- Form 1-A - Offering Statement [Regulation A] • Edgar (US Regulatory) • 01/22/2024 11:00:56 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM