Wednesday, June 05, 2019 10:23:40 AM
Assuming a full years production from the new leach pads would boost BMXI's annual revenues to about $7.2M to $7.6M (assuming a "base" of $6M as was given for 2018 revs).
For 238M shares and a 33% margin (similar to 2018) that gives earnings per share of from $.010 to $.0105. Even with a tiny multiple of 10x, I calculate a valuation of $.100 to $.105 per share.
Yes, I would say that "undervalued" is a good way to put it.
Recent BMXI News
- 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
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM