InvestorsHub Logo
Followers 121
Posts 12821
Boards Moderated 2
Alias Born 12/21/2017

Re: ramalio post# 16197

Wednesday, 01/10/2024 12:18:57 PM

Wednesday, January 10, 2024 12:18:57 PM

Post# of 18867
I have no clue. This has nothing to do with the audit, or I would expect it not to seeing this is a 2024 matter and shouldn't reflect on the audit that is currently now for 2021, 2022, 2023. I think we can look at this as a means of getting the North American property up and running quickly without in any way hurting the current company. Imagine, you have to start excavating, removing overburden, have all the equipment, pull the money layer to find out it aint shaking out as well for whatever reason. It does provide shielding from the current operating company (not saying this would be the case, I am just going over theories in my head).

The other idea is to allow the heap leeching ponds to be worked on for the next 3-4 months, getting whatever funds required to use for the north american mines. Currently, the contract that I know is only for the Talawaan project. This leaves Aleson with some other contract of what Nils has. I imagine he would be able to use these funds for North American project, whilst still moving cash from the Talawaan to the heap leeching project. So, essentially, he could just take whatever monies he has from the heap leeching and move it.

Then, just lease equipment that you can and make purchases required for the mines in North America (although he said they purchased mines already gold producing). Maybe none of these are good enough nor enough money to get the North American project ready in time for thaw. No matter which way they go about it, they will be required to raise funds for the North American project if they plan to do something this year.

In regards to offering, I have no clue. I would expect there should be no offering for BMXI until the audit is completed. Unless, there was some talk of an offering for maybe this North American project.