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Re: MakinBank post# 38618

Tuesday, 09/03/2019 9:41:12 PM

Tuesday, September 03, 2019 9:41:12 PM

Post# of 55228
MDB means Minas Duas Barras, MDB 1 is the original claim (about 422 Acres) around the Main Plant where the 41 Report was done. BMIX did not make it the First Time around for a number of reasons. Just to start I will cover this, there is nothing Rare about Diamonds or Gold Flake in the river valley, it is full of them. The quality of the Diamonds is excellent (about 97% Gem Quality) so that was not it, The problem was the size. You can lose up to 50% (even more) of a diamond when it is cut and Polished. BMIX did have Revenues of 800K their first Year (about 70%/30% Diamonds to Gold Ratio) while Mining at most about a Quarter and a Half running just one shift. The money is in selling polished Diamonds, not rough. There is far more to this and I will elaborate later. I more or less agree with what you say about a better foundation being laid. I think this has been mostly about 2020 all along but Fogassa needs to show what is possible before I think we will see any major investment. Then again all we need is for Jupiter Gold to take off and that problem solves itself. I will Post more later if you want to hear it.
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