In general. Brookmount was 'fantastic' and undervalued before the Brazil mine talk (deal). Gosh, even a $6 target report was issued.
Then Brookmount announces it will give away 49% of the company, plus $5M, more than half its market cap, therefore 75% of Brookmount for this Brazil mine, that is falsely called "producing", that in fact is not, nor operational, but has maybe 30K tons of ore collected and sitting around. 3g gold per ton? Watch how in reality it will turn out to be much lower grams of gold per ton.... if the deal even goes through at all... but it's a great pump story in the mean time, that at minimum allows Brookmount to raise $5M by diluting the company by selling shares to the market when the PR pumped share price goes nicely higher.
Yes, Brookmount is still way under valued.
Nice risk to reward here.
Sucks none of that Indonesian profit can leave Indonesia. lol.
$6 bucks target knowing this?, and Brookmount not having any producing mine otherwise?
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