Atlas Lithium Corp (ATLX)

[invent4]

Unlike a lot of the posts here, I do not believe BMIX is crooked.

In the 1990's time frame, I had stock in a much higher priced equity with a so called early stage gold mine in Indonesia. It was right next door to the big FCX copper and gold mine. The head of the Indonesian govt owned a stake. They employed a full time degreed geologist, regular stockholder meetings, and no shortage of news updates. FCX took an interest in them and did their own survey, perhaps at government and stockholder urging. Suddenly their CEO took all the money and moved to the Bahamas, and his geologist was taken for a ride in a military hellicopter from which he "fell" out. The news that followed showed that FCX had proven the property was salted. This was a several dollar stock when I owned it - and lost $5000. My Dad was a mining engineer and professional investor, and they fooled him, only 5 times worse than me. In contrast to BMIX, this company never showed progress pictures of the mine site, plant or exploratory operations, and they were frequently releasing information to maintain investor interest.

In contrast BMIX news is infrequent and they release pictures of everything.

Because of the very low price, I view BMIX as a very low risk/reward ratio. My average in is $0.0025 so my total risk is only $2500. If the mine starts to pay its own expenses, it becomes a Jr. Gold Miner, and those shares could be worth a lot more.

I saw this link on the KERMF iHub thread regarding Jr. Gold Miner buyouts. It might be a little premature but If I were Fogassa, this would be my goal - Prove the mine, Sell Interest, and use the money to Develop the other Properties - Li, Co, Rare Earths, etc.