Brookmount Exploration Inc (BMXI)

[Zardiw]

$BMXI - Just the Facts:

$BMXI is a producing Gold Mining company.

1. Net Assets $24M (This is their Assets minus their Liabilities). Their Total Value at present.

2. Outstanding Shares: 38M
Float: 18M
Authorized shares will be 100M per company Tweet.

3. Book Value: .63 (This is their Total Value above, divided by their Outstanding Shares) This is the TRUE VALUE of each share.

Mining stocks trade at a lower multiple than most companies (2X or so)

So the minimum price $BMXI should be at is $1.30/share.

But just for comparison some major companies are listed below.

Amazon $AMZN Book Value for example is $13/Share and they're trading at $145/share, or 11 times Book Value.
Tesla $TSLA has a Book Value of $36/share and is trading at $920/share or 25 times Book Value.
$NWBO has NO Book Value (Liabilities are Greater than their Assets) and is trading at .64 and as high as $2 in May.

For $BMXI to trade at 1/3 to 1/2 Book Value makes NO SENSE.....lol.....it's insane....lol. I've been doing this 40+ years and never seen anything like it.

4. $BMXI had a Net PROFIT last Quarter of $2 Million, from their mining operations in Indonesia. This is a 46% Increase from prior year!

5. They just acquired 3 properties in Canada and Alaska, valued at $78 Million and projected to $200 Million. (at $2,000/oz)

"Existing gold reserves have been partially surveyed under 43-101 requirements, resulting in a current estimated total resource of 39,000 oz au. ($78M) Brookmount intends to continue the drill program early next year, to bring the estimated resource to 100,000 oz. ($200M). and has assembled a preliminary budget and plan to bring the project into initial production by later in the year. "

6. Wall Street Journal reports they have Earnings/Share or EPS of .46 last year.
https://www.wsj.com/market-data/quotes/BMXI/financials

Gold companies also trade WAY MORE than the EPS.....

$GOLD has an EPS of $1.42 and is trading at $16.

16 divided by 1.42 is 11 ....that's the multiplier.

$BMXI EPS : .46 x 11 = $5.18/share.........

7. They will uplist to the NYSE MKT Exchange. The PCAOB Audits for this are in the final stages.

Bottom Line:

No matter how you look at it, $BMXI is under valued to the nth degree....lol.....it's ludicrous.....

And the market will make the price inline with the Fundamentals.... Minimum price should be $1.30 to $5.18/share.

Data backing all this up have been posted on the board before. Check the stickies.

Z