Don't forget the costs to extract and produce, and then 30% share of net profit after 100% Brookmount's costs.
Good news is gold is $3,000 oz. and BMXI is already NYSE listed, or at least we should 'only' consider it this way, I believe the promoters inform.
Brookmount purchased potential, that another mining company previously gave up on.
All In Sustaining Costs (AISC) are currently at all-time highs. Typically mining companies leave a mine with deposits when its too cost-prohibitive to keep producing, where all the equipment and production set-up is already there in place and operable.
Where's the electricity to come from at this new location?
Where's the mill?
Where's Brookmount to acquire the rock crushers?
What's the tailings set-up?
Environmentally friendly?
Let's see if they do it. Until they do is why gold miners trade at fraction of to 2X maximum book value.
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