· We have obtained the final permit needed for mining our new gold and diamond project along the Jequitinhonha River in Brazil, and we are currently mining it. As disclosed previously, a drilling campaign indicated that 35 out of 35 drills holes were positive for gold. Additionally, in a majority of such drill holes, the so-called “satellite markers” that indicate the likely presence of diamonds were recovered.
· We obtained confirmation of nickel from in-loco geochemical studies in one of our projects.
· We added to our list of projects a mineral right for Iron in a premier area with iron mines.
· We added to our list of projects three mineral rights for Rare Earths in well-known areas for these minerals.
$DCGD type move is possible with the gold production 8k that is expected any day now
That type of move would take this to .20+ based on our share structure
Targets
Short term : .05+ Mid term: .20+
Company has over 200 drill hole logs, an NI 43-101 a Feasibility study and a 2.5 mil dollar processing plant and a record of the production history.
Institutional Investor with BMIX owning 47% https://www.otcmarkets.com/stock/JUPGF/news/story?e&id=1403765 Warberg Asset Management LLC came in as an investor on board and that means they were shown a solid business plan with data before they have invested in the BMIX operations !
** Dr. Marc Fogassa currently serves as the Chairman of the Board, Chief Executive Officer, President, Chief Financial Officer, Chief Accounting Officer, Secretary and Treasurer of BMIX.
** Dr. Marc Fogassa served at Goldman, Sachs & Co. which trades on the NYSE at over $196.00+ per share: http://www.goldmansachs.com/
** Dr. Marc Fogassa co-founded and served as the Chief Executive Officer of Spring Wireless (now Spring Mobile Solutions): http://www.springmobilesolutions.com/
** Dr. Marc Fogassa served as Director of Proximities Inc. since November 8, 2004. As of December 31, 2007, Proximities, Inc. was acquired by Bartronics America, Inc. Proximities, Inc. manufactures and markets radio frequency identification (RFID) solutions: http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=12519879
** Dr. Marc Fogassa served as a Director of Achillion Pharmaceuticals, Inc. which trades on the NASDAQ GS at $10.00+ per share . http://www.achillion.com/
** Dr. Marc Fogassa served as Director of WiDeFi Incorporated since November 8, 2004. http://www.widefi.com/
** Dr. Marc Fogassa, at Harvard University, was elected as a Co-President of the 350-member Venture Capital & Principal Investment Club: http://www.harvard.edu/
** Dr. Marc Fogassa, at medical school, held several peer reviewed publications and received the Nancy Lurie Marks Research Award.
** Dr. Marc Fogassa double-majored at MIT, receiving a B.S. in Electrical Engineering and a B.S. in Biology and graduating with Tau Beta Pi and Sigma Xi honors: http://web.mit.edu/
** Dr. Marc Fogassa also received his M.B.A. from Harvard Business School:
** Dr. Marc Fogassa received his Medical Degree from Harvard Medical School:
There is more to review for the achievements of the BMIX CEO, Dr. Marc Fogassa, as I have not seen a penny stock CEO with this powerful of a resume. I’m guessing that a man with these very serious qualifications and connections that this gentleman has will only result in something very positive for BMIX shareholders. He does not seem to be here to mislead or fail with his BMIX venture. He seems to be goal driven to… set goals… build a plan to achieve them… and then actually achieve them.
BMIX Official Permit for the 35 holes tested positive
from the last 10 Q BMIX acquired addition 25 % in RST which bring its ownership to 50 %
During the year ended December 31, 2014, BMIX acquired an initial 25% interest in RST Recursos Minerais Ltda. ("RST"), and during the first quarter of 2015, it acquired an additional 25% interest in RST, thus bringing its total ownership of RST to 50%. As of March 18, 2015, RST has been consolidated within the Company's financial statements.
RST secured the mining report back in 2015 and was published in Official Gazette in March 2018!
"In 2015, RST Recursos Minerais Ltda., a unit of Brazil Minerals Inc., secured a permit from local authorities valid for four years to initiate diamond and gold mining in the area of the Jequitinhonha River."
BIMX announced that it has obtained the last necessary approval from a regulatory entity in Brazil to allow mining for gold and diamonds in one of its many Jequitinhonha River Valley mineral rights.
yes investors should pay attention here to the word "last"
“the last” are important words in the PR because the CEO next in the same PR explains that they had to go through the hurdle of changing requirements for licensing and permitting for mining !
and here we come to" Brazil Minerals believes that the initial excavation to attain the level needed for auriferous and diamondiferous gravel removal will take six to eight weeks, after which regular processing should start."
the CEO has mentioning that BMIX went through the hurdle of changing requirements for licensing and permitting for mining >>>
"Marc Fogassa, CEO of Brazil Minerals, commented, “This news is timely and very well received. We have built a strong local team that is able to work diligently through complex and changing requirements for licensing and permitting for mining. It’s beginning to bear fruit and we’re not stopping here as we want to be producing revenues from multiple mining sites in due time.”
DON'T LET ANYONE FOOL YOU >>>the Production phase on the 35 holes is the hard work of many years and is here now
BMIX has permits from the Gov ,it is official papers we are talking about here.
the permit for the 35 holes was there since a while ,the drilling updates came in a timely manner and now we are moving it into production !
BMIX obtains three mineral rights to RARE EARTHS AREAS
On August 7, 2019, the Company obtained the rights over claims for rare earths areas totaling 12,528 acres in Brazil and comprising three mineral rights. Two mineral rights are in the state of Goiás and one mineral right is in the state of Tocantins.
Brazil is one of only very few countries where rare earths are known to occur in concentrations allowing economic recovery. The term “rare earths” denotes a group of seventeen minerals which are needed in small amounts but essential in several high-technology applications including electric vehicles and military hardware. China appears to control the majority of the world’s supply of rare earths according to multiple news media articles that appeared recently.