Replies to post #10899 on Brookmount Exploration Inc (BMXI)

[Zardiw]

Reason for them to stop mining it is probably costs. $BMXI is providing that capital.

Seller wants to keep 30%, so he obviously knows the value of the project.

Gotta read between the lines people...............

Z

[Aquahoya]

What are you even talking about in this statement?

Brookmount purchased potential, that another mining company previously gave up on.

Where is this stated?

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?

That is a them issue. We have no clue how easy it is to get to the geological veins, the cost, any of that. Clearly they did a cost evaluation and what it took to make money on the property. We will see how it turns out.

Let's see if they do it. Until they fo is why gold miners trade at fraction of to 2X maximum book value.

Simply untrue.

https://seekingalpha.com/article/485231-gold-mines-p-e-ratios-vs-interest-rates