Things moving along nicely here. BMR has got the turning circle of the Bismarck, but it is turning slowly but surely.
BMR is clearly a different company under the new BOD (thank goodness) and they are turning it around to be the company we all thought it was going to be when we first invested.
ISF was written off and can now be added to the balance sheet. That's 130,000 tons of zinc/lead that can now be processed with a 77% recovery. That's more than the current market cap added right there.
Zema are going to find this revised process very difficult to resist (particularly when they have already approved a much less efficient method) and don't forget this time we are going for the "Full Monty" of the tailings, not just the WPS as we did last time around, which only amounted to around10% of the tailings.
The World Bank will look at these results and cannot fail to be impressed. With them on board, Zema can't be too cute in putting the matter off. Hopefully impressed enough to provide the financial assistance required for full processing and asap. Hopefully, this ill all coincide with an improved zinc/lead metal price as they have been suffering in the last few months, as with most other metals.
wish i had dosh to put more into this but after the shafting we have had its all i can to check in every couple of months but i have to say 'well do Alex and the team'. pollutant free harvesting of valuable metals from piles of left overs.' ???? When will we run out of capital to finance our future????
On several fronts but amidst all the euphoria, we should bear in mind that the most important rns will be when ZEMA approval is given. Without that we are just a pile of dirt and a hole in the ground. Whilst remaining positive, I can't help getting that feeling of deja vu when a couple of years ago we were all ecstatic about new processes and recovery rates et al. Hopefully things will be different this time around. GLA
This is very good news at last. I was told by JH that bmr had made more progress in lat 6 months and it had made in previous 5 years. ( not difficult ). I said a few days ago I simply did not beleive that AB and his team would have put so much effort into a tiny company unless there was a much bigger picture. It is now clear that bmr have invented a method to process zinc and lead from tailings. This is hugely significant as it has not been done before. There must be hundreds of dumps around the world just sitting there which could now be monetised . BMR could licence out its expertise . Now that's a thought !!
Well I for one would love to see bmr deliver. Issue is the lies are still hurting. Doing things that should have been done. We still have a great opportunity here but not sure if I can commit again after loosing so much average was around 25p in current money after consolidation.
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