Hey everyone silent holder here, would like to point out extra points for any newbies
Firstly this company being as fresh as you can get by only floating several months ago, in time give the board a chance to prove themselves as value creators for shareholders. Not all investors like plays that are this green but in saying that it has one of the smallest SOI's I have ever come across which is a good thing as dilution is a must to keep the coffers going until resource is fully proven. But getting in at this green level when it's totally off the radar is what gives the largest leverage on your investment as majority get in after the music started
Stats - 31m SOI T/20 = 44% Cash $3.8m Tenement location = World Class Category Sovereign Risk = Low
BIM tene are about 130km from Gladstone Port which is very close in the mining world as others have to haul their loot 1000-2000km to Port
Comparison to - ALUMBRERA which is a Porphyry CuAu mine in Argentina
27 year mine life with 806mt @ .53% Cu & .64% Au
Processing 90 Ton per day / Open Pit
Major Holders = Glencore @ 25%, Newmont @ 18.75%
Area of deposit 1.8 sqkm
Why does this matter, that the board has mentioned this mine before for their own reasons
They also said this deposit is about 2 sqkm already in comparison
Now our more advanced neighbor CAE valued $139m (distance about 30-40km away)
They have 547m SOI (many multiples) with a 5.5mt resource
Some hits have been spectacular 132m @.98 % Cu, 104m @ 1% Cu/Eq
They are gold bearing gossanous hydrothermal infill breccia
Realistically I can see that BIM will have similar characteristics to both CAE and Alumbrera being on almost the same geological formations
Outstanding Rock samples with minor Historical drills indicate something very decent down there
Expect volatility in the sp as they can play with this, those who want to accumulate like the majors do
Won't be too long before they show the drill results = rocketing sp is not out of the question considering the fundamentals here GLTA
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Open | High | Low | Value | Volume |
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1 | 20000 | 0.083 |
1 | 500000 | 0.082 |
1 | 8352 | 0.081 |
3 | 800000 | 0.080 |
Price($) | Vol. | No. |
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0.100 | 99994 | 1 |
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