A summary of some of the known facts. Hopefully the thread can get back on track with some constructive discussion.
Ginkgo mine startup on time & on budget 9 months of production complete with no major issues evident Ginkgo mine life in excess of 25 years
WA operations produced a profit Resource estimates recently doubled with snapper resource Snapper has a mine life of 16 years
ASX 300 company Top 20 hold 73.61% as of September '06 A director recently purchased 500,000 shares on market @0.27
The Zircon market continues to be in under supply with prices at record levels of up to A$1000 per tonne. The high end titanium dioxide feedstock market is similarly experiencing favorable price levels of up to A$600 per tonne.
Will become, (is) a major world supplier of Mineral sands Off-take agreements in place covering all production for '06 & beyond to Du Pont & Cristal
NPAT estimates of 10 million for CY06, 20 mill for CY07 Most recent Analyst report can be found here; bemax.com.au/brokersReports/BMX%20-%20June%2006%20Financials%20-%2031%20Aug%2006.pdf
At the end of the day, the share-price has been disappointing since it hit the 40's earlier in the year. I don't think these levels will be seen again until the official numbers are released early next year. It's currently a bottom draw stock, but i do see potential of a run to 35-40c over the coming months.
BMX Price at posting:
0.0¢ Sentiment: None Disclosure: Held