Replies to post #18845 on Atlas Lithium Corp (ATLX)

[ImOnABoat]

Great point. That 81-page study cost Vaaldiam $2M to conduct and publish. The data is there, why would BMIX waste precious start-up capital on repeating it?! This is plain silly.


In 2006-2007, then Toronto Stock Exchange Venture -listed Vaaldiam Resources Ltd. (“Vaaldiam”) spent an estimated $2.0 million for detailed drilling and technical studies leading to the NI 43-101 geological report and bankable feasibility of the property, as well as an estimated $2.0 million for removal of overgrowth on the property. The total cost of development of MDB by Vaaldiam is estimated at $10 million.

http://www.goldmanresearch.com/20140916845/Opportunity-Research/bimx-top-pure-play.html

BMIX

[gitreal]

Since the company is a producer, not a stupid exploration or research story,

They don't appear to be a producer to me. $6K in revenue 1st Qtr of 2016, and billions of shares divvied out.

Also, you know what is stupid? That idiotic 6 ton test run that they PR'd. Obviously it fooled some people into thinking that the results could be applied over some humongous (and imaginary) tonnage. Combining 6 tons of material including tailings, some other kind of "waste material", and some unknown amount of "ore", and running it through a recovery unit - what a joke. But, it worked to con people into buying more shares.

This company is nothing but a dilution mill, with no real operations.