1. Net Assets $24M (This is their Assets minus their Liabilities). Their Total Value at present.
2. Outstanding Shares: 37M Float: 17M Authorized shares will be 100M per company Tweet.
3. Book Value: .65 (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 2 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. "
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