I agree with you and if they can perform the following stated in the 10Q
then I think they will be on their way and the stock price should take off:
"This side structure to pre-process heavier material is expected to be completed within two weeks. As a result, Brazil Minerals will then have the ability to run a complete gold and diamond recovery circuit which is anticipated to have the ability to process 25% of the hourly volume that its large, diesel-run recovery plant could process, but with only 10% of the diesel and labor cost associated with the operation of that plant. The greatest difference is in the use of more advanced technology for gold extraction: centrifugation, which studies have shown to yield 90% or higher of retrievable particulate gold, as opposed to gravity separation, shown to yield approximately 40%.
The predecessor company (no affiliation to Brazil Minerals) that built the large recovery plant spent approximately $2.5 million on its construction. On the other hand, the portable and scalable gold and diamond recovery circuit developed by Brazil Minerals will cost approximately 1% of such amount. In due time, this low cost should permit the fabrication of more gold recovery circuits that can then be placed to work in multiple locations simultaneously.
The Company expects to produce gold and diamonds from the new recovery circuit before the end of December 2016. With expected revenues from gold, diamond, sand and mortar, as well as various efficiency and cost reduction measures implemented, the Company now expects its Brazil-based operations to be cash flow profitable by the second quarter of 2017 or possibly sooner."
News 
Market Data 
Discover 
