Replies to post #11898 on Brookmount Exploration Inc (BMXI)

[jsc52033]

the only way ths comes to life is if they verify the income. We were to have an update way back when. Its so long ago I can't remember when t was to be other than it was to be in 2 weeeks.

[AndrewDiceClay]

Short term P&D's maybe speculating on disparities between book value and SP. Long term the value is in Moosehorn becoming economical, and I'm skeptical Nils can take it to production without going into a JV with a major or selling to them outright. Why I think that is, first the odds, 20% of companies in this position make it to production (probably fewer these days because of expenses/inflation and interest rates/harder to get cheaper financing). Next, they're actually surrounded by Majors in that area who buy explorers who do the legwork for them (the phase BMXI is just at the beginning of now). Lastly, Nils strikes me as a great investor type Exec b/c of his background; producer type Exec's are a completely different animal. Its like Bill Belichick planning stuff vs. Tom Brady getting the plan done in the field, both are awesome in their own right.

Also, 39k oz confirmed is an interesting start, toe in the water type of thing, but they'll need to find exponentially more resources to make it economical to take to production or to even interest majors into partnering. Even this phase takes time and money.

To that end, does anyone know if they're actively exploring Moosehorn for more deposits? Is there a drilling plan in place? If yes, how are they funding it? Purely from Indonesia revenue? That would be GREAT, because if not, dilution is common to finance these phases.

I really don't know, I just think they're very very far away from the finish line, (i.e., takeover, JV, or production), and worry how it'll all get financed, but it does interest the heck out of me because *if* everything goes right, we'd have explosive potential.

What do you guys think? Use this as a guide:

[naturallyk2]

What they need is audited fins at this point.... after Leonite Capital demolished the run that happened, everyone has been pretty weary. Curious to know if Leonite still owns any shares.