nice 38% rice in silver price, now that has little effect right now (similar to the silver slide this week also having no effect), but.....when we are in production anything north of $16 is profit and +$40 would for me put this in the 60-70p region based on what we have NOT what we may have (touch wood). Ummm, and a gold mine to come on line!!
Yep its fell around 10% in the last week but given we are so far below a realistic valuation and the outlook long term for silver is strong I am not to worried.
this is still as cheap as chips. There was no reason for the drop below 14-15p so natural to see it back here others will start takng note soon that anything below 30p is good value here and not long to wait either.
yes nice to see it back near my average phewwww. BMR AGM this friday so we may get some scraps from there (I can't make it). It's the low vol which is causing the wide spread. No II's bailing out though this will be 18p+ by end of Jan (provided we dont get something unexpected).
with bigger prospects took a leaf out of BMZ's book they might be a lot further to achieving there on paper prospects. I like the idea of targeting what we have got, there will be plenty of blue sky if we need it later on but for the next 12mths why over stretch?
MM. What is the potential to add further mines or prospective ground to the portfolio? BMZ. Historic mining districts have significant potential but the immediate focus of Black Mountain for the next 12 months is bringing both New Departure and Conjecture into production and not expanding our portfolio in what is already a significant mining and exploration portfolio
the current resource is only based on historic mining and the area has never been drilled or scoped, a shadow annomaly has already been discovered at new departure and conjecture is in a historic area which again has never been drilled. Have a look at the original presentation Initially targeting 100 tonnes per day grading 600-800 g/t for total production of 1.4Mozs over first three years read 'initially', http://www.proactiveinvestors.com.au/genera/files/sponsor_files/bmz_investor_presentation_september_2012.pdf http://blackmountainresources.com.au/news/proactive-investors-interview-with-pete-landau.aspx
its going to take very little to move this and seeing as 35% of the shares are in II hands there will not be many spare once she starts moving upward. I really beleive we may see 50% rise in a day if the news is as expected and/or better.
dirt cheap buddy. this will be 18p+ by early jan
I think it has got to be only a matter of time buddy. Plenty of pi's on here but all chasing the bigger miners who may take years where as here we have production q1 we also have plenty of blue sky potential once up and running not forgetting a gold mine which again has low cost start up due to being an existing mine. Yes saw the drop on BMR you can't win them all. Anything under 3p is a fantastic price once she blows
of investing. http://www.investegate.co.uk/black-mountain-resources-limit/prn/further-claims-secured-at-conjecture-silver-pro.../20121212071208P2C48/ http://www.miningmaven.com/pdf/bmzlowres2012a.pdf http://www.youtube.com/watch?v=i-4-r_w_u5s http://blackmountainresources.com.au/news/proactive-investors-interview-with-pete-landau.aspx
was that you Swinger?
I know thats what has been stopping me, if the volume picks up the spread should close a tad. I put in half I wanted to I want another 16k's worth that was my inital amount. Just thought it would be better to split in case the spread made it harder to withdraw but with recent developments I can't see any other way for this to go other than up!
I am looking for a target price of around 45-50p here!! I had BAO 18ths back bought at 11p sold at 33p, I still think I will get in nearer to anything happening there it has another 2-3yr journey for me.
good job you did it when you did!
I have 16k's worth
a great share but years away from production yet here is a silver miner in the USA with a existing mine, mill fully funded and ready to go Q1 next year!! Yet we sit at a ridiculous SP (even with your buy lol). I don't see what investors are missing here. Yes keep the long termers (like our BMR'S), but see the potential of a nice rise 50% before xmas is very achievable here.
just noticed well done look at how small an amount can move this, now think where this can be if we can get some proper volume going on here!
Yes bought at12.65 last week happy with dosh here at mo as I can see50% rise within weeks. Bmr have had a great week (thank god), by far my biggest investment nice to see it rise and plenty left to. I am actually more bullish here but would kick myself if I moved any out of BMR and missed the ride. Gl
Hi buddy are you saying you bought today? I am expecting a rise over the next month or so. The longer the weather holds the better the chances of production q1