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Re: chemist72 post# 4810

Saturday, 05/25/2019 11:31:49 AM

Saturday, May 25, 2019 11:31:49 AM

Post# of 20547
Comment on total annual gold revenue for BMXI.

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.