Well done with Bhr buddy nice move. I have moved some funds out of here leaving just a tad in. I still think its a good buy maybe because I want to see some aimer producing and not being years away. Topped up with more BMR this am. ;)
I am not wishing BAO lower buddy but we have seen BAO at 55p then all the way back to 8p thats what happens when production is years away. I can see it going higher also but it looks 2016 before production so there willl be more high's and low's before then GL
31 January 2013 Black Mountain Resources Limited Quarterly Report for the Period Ending 31 December 2012 Issued Capital: 75M Ordinary Shares* ASX Code: BMZ Closing price: A$0.21* + 25M Performance Shares* AIM Code: BMZ Closing Price: £0.1388* * as at 31 December 2012 The Board of Black Mountain Resources Limited (Black Mountain or the Company), the silver focused development company with interests in the US, is pleased to provide the following commentary regarding its activities during the three months ended 31 December 2012 and Appendix 5B. Highlights - Positive exploration and development progress made at the New Departure Silver Project, Montana, which is on target to achieve Q1 2013 production: - Mine development on-going with adit refurbishment almost complete and new decline extension scheduled to commence to access historic workings - Initial drill results returned grades of up to 365 g/t of silver confirming down-dip extension of historic workings and indicate a potential projected strike length of 670m - Strong prospectivity of Conjecture Silver Project, Idaho, highlighted through exploration and development milestones - on target to achieve Q2 2013 production: - Graham adit and portal installation completed and decline commenced to access historic workings Additional 20 mining claims staked - a total of 59 mining claims now held over 700 acres in a prolific silver region - Full drill results confirm high grade silver zones and have identified new mineralisation structure - best intercepts include: - 715g/t Ag equivalent intercept over 1.38m (depth of 101m) - 363g/t Ag equivalent intercept over 3.91mm (depth of 38m) - 340g/t Ag equivalent intercept over 0.73m (depth of 17m) - 157g/t Ag equivalent intercept over 3.04m (depth of 40m) Black Mountain Executive Chairman, Peter Landau, commented, "This quarter has been highly productive for Black Mountain, both in terms of exploration and development at our US New Departure and Conjecture Silver Projects. Drilling at both projects has identified new areas of high grade mineralisation near to surface outside of the historic workings, demonstrating the value and potential of these campaigns. The development programmes have been extremely successful and will enable us to exploit the projects' near term production capabilities to generate cash flows from historic zones within our high grade silver portfolio. With this in mind, the coming months will be focussed on building upon our knowledge of the area whilst pursuing an early route to production which is targeted for Q1 2013 at New Departure and Q2 2013 at Conjecture."
Try the website I can't remember where I saw them. GL Swinger TPET and fox are my new targets TPET is for next year and a possible 10x bagger! I will buy BAO once again after the herd has left (15p), GL
I had hoped for 18+ by the end of Jan but happy to delay that for sometime within 8 weeks
Don't fall for all this Peter L stuff buddy. Some come here and expect a repeat of RRL but forget they had a chance to have 8 bagged if they didn't get greedy (this includes my wife). Its simple really, will BMZ produce this year? Yes provided we don't get a delay possibly this quarter if not the next so near term production a word not often used in AIM. Is the current SP in line with a silver producing mine? Not in a million years. In production we should easily see a 25-40p SP with further upside with JORC upgrades and the 3rd gold mine which will need some funding late 2013
You may be right but if production starts Q1 this will shoot above 20p don't forget 38% of the shares are held by II's not PI's and they have not flinched at the current SP. Jake There is a broker note somewhere I will look to see if I can dig it up (it also featured in some SHARES mags features around july/aug they are free to read online. GL
The spread is big as there is no volume here but the actual spread is a lot tighter if you try a dummy buy I recon you could pick these up for below the SP say 12.50 ish. Is it a good investment? I think it should be worth far more for a silver mine which is going into production with further new finds and another 2 mines to open. Do a bit of research of course but for me it looked (I am in), and looks tempting at these levels. GL
significant milestone towards Q1 2013 production
Black Mountain Resources Limited Down-dip Extension Confirmed at New Departure Silver Project Black Mountain Resources Limited (ASX | AIM: BMZ), the silver focused development company with interests in the USA, is pleased to announce initial results from its 13 hole (3,000m) maiden drill programme at its New Departure Silver Project in Montana, USA (New Departure or the Project). - Initial drill results, returning grades up to 365 g/t of silver, confirm down-dip extension of historic workings and indicate a potential projected strike length of 670m - Further drill testing of the extension is scheduled for Q2 2013 and has a potential to significantly extend the current mine plan - Mine development is on-going with adit refurbishment almost complete and new decline extension scheduled to commence at end of January to access historic workings - significant milestone towards Q1 2013 production Black Mountain Executive Chairman, Peter Landau, commented, "Our projects are located in an area of prolific silver mineralisation and these initial high grade silver intercepts of up to 365 g/t Ag underpin our belief that we can add significant value to the Project through production and exploration outside of the historically worked areas. This is the first time a drilling campaign has been implemented at this site, and with results indicating a strike length of 670m, we have planned a further drilling campaign to commence during the second quarter to test this highly prospective area of mineralisation further." "When put into context historically, it is clear why the intercepts are very valuable. The historic New Departure mine was not previously drilled with all the workings following visible veins. For the first time the programme has confirmed the `down dip' extension possibilities for the mine and with the extension now located, further drilling can be accurately undertaken with a view to significantly extend the current mine plan. The widths of the intersection were also encouraging given previous narrow vein extraction and with this in mind, we look forward to receiving the additional drill results targeting the identified IP anomaly targets."
will do buddy GL
Hi buddy, I have no idea unfortunately, I bought at 12.6p so SP is already lower however the volumes are so low any good news (assay results), could potentially see the SP hit 33-50% within an hour or so of news which very often happens with co's with low daily volume. I don't think it will go single digit so anywhere between the current sp and 10p would be a good buy in price IMO GL
we have no news good or bad and tbh you can't compare with rrl as that's find oil or dusts. You could have made some ££ if you bought at 3-5p as it was in 2010 (as I did), and not got greedy and sold when it hit 24p (I sold at 17p), but you see my point. BMZ have an existing silver mine x2 £4m in the bank and a working mill ready to go. I am all for a cautious approach to any share but just dribbling a guys name and saying history will repeat itself is not a sensible position IMO. GL
best of luck pal, I am not sure here but recon it only needs a bit of news to move 50% or thats my guess lol, but I need to find out why assey results are late. Been reading a few shares/IC mags while abroad and have a couple for you to look at if interested FOX (marble miner), TPET (gas/oil), both look good fox production within a few weeks and tpet have a farm out and it could be a 10x bagger by 2014!! Have a butch at both if you have some free time. GL buddy
are the assey results which were due in December? I might email and see if I can fid out what the hold up is Are you still in here swinger?
Not sure if your upto date here mike. Why placement with cash in the bank and production due within 4mths ? Maybe your looking at other co's and thinking it has to be the same right? Err mope most had not got anywhere near a nav mind production lol. Of course time will tell but I can't see dilution here late on q4 when funds will be needed for the gold operation as the company told us a few weeks back.
I am hopefull of a good Jan. I am away until 16th Jan (Mexico hooorah), so might not get to post on rises etc but will deffo be still in here. Have a good xmas also and lets hope we see £££££ here and BMR next year!!
The Company has also been advised that long awaited initial assay results should be available for New Departure Silver Project drill holes next week. So where are the results? We should have them anytime by the sounds of it.