summary

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.