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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

and has a small market cap of just £9.4m/A$14.4.m. With 36% of shares in the hands of the top 5 shareholders and a bullish silver market, there is real potential for a share price re-rating. BMZ. The key points to note regarding the Lakeview Mill: • Fully permitted mill, near to impossible to try to get a mill permitted at present • Replacement value of the mill exceeds US$10m • With Black Mountain now having refurbished the mill to upgrade crushing and processing facilities it can now process up to 300 – 400 tonnes per day with potential to increase further • Taking into account existing geology and logistics the mill allows us to access a very competitive cost per ounce production profile (US$8-11 per ounce)

hi buddy bailed out of BAO at 15.74p :) happy with that as average was around 8p so almost double, I have no doubts about BAO its just picking the right time and production is not going to happen pre 2015-16 This looks good to me buddy all what is missing is volume with some more posters this could easily be higher.

Hi I have only dabbled with miners since 2010 when I had a great year with RRR, recently had success with BAO and now see this as an unbelievable buy given the prospects, the early production (although bank on Q2 not Q1) add to that the mill and the potential for further finds I am struggling to see many better buys at the moment. GL and keep posting if we can get a bit of volume here we will be back to 18-20p in no time.

thanks for the link, it amazes me who so few don't see the opportunity here I hope you can continue to post and build the chat up a bit. This is an absoulte steal at this price.

http://www.investegate.co.uk/black-mountain-resources-limit/prn/further-claims-secured-at-conjecture-silver-pro.../20121212071208P2C48/

yes its never nice to see the SP fall right after you buy in. I put some in but want to invest more (profits fro BAO), I only waited to see if the SP stablised which I beleive it has given the buy price is somewhere between 12-12.50p I don't think it will take much at all to move it back to the 18p range. It would be nice to see a few more names on here too, come on guys :) Good luck LGO and continue posting.

Production Q1/Q2 That will generate cash flow but it may need "a little bit of debt funding" at the end of the project The silver price could half and project would still be profitable! The funding is only due to lag of getting it out of the ground and selling it. All looking good very good!

http://www.proactiveinvestors.co.uk/companies/stocktube/1557/black-mountain-resources-has-big-cushion-on-silver-price-1557.html

Hi buddy nice to see someone else posting here. I am not too worried as the trades both buys and sells have been going through at anywhere between 12p and 12.44p for the past few days so the 13p SP was not quite right. It takes some time for a share to start building momentum but with news and production due soon/Q1 this is going to move fast when it goes. There are also a few big II's who have bought recently. Volume is needed to bring the spread closer together but I expect more news pre xmas before the fun starts in Q1 Are you in here?

but that won't be for long. (I hope lol) Production Q1 2013

PROJECT UPDATE …AND THE WEATHER IS GOOD! Ticker: BMZ.L Market value: £9.79m Share price: 12p-14p The Company yesterday provided an update on its silver projects at New Departure, Montana, and Conjecture, Idaho. The highlights were: New Departure  Development work has commenced  Federal health and safety approvals granted  Equipment and personnel mobilisation underway  Drill program completed  Initial production on target for Q1 2013 Conjecture  Portal installation at Graham Adit nearing completion  Exploration programme targeted for March 2013 following recent drill results  On track for initial production in Q2 2013 XCAP Comment The Company has provided a project update which confirms the encouraging progress being made at its silver projects in the US, with production on target for Q1 2013 at New Departure and Q2 2013 at Conjecture. In addition, an updated drilling and exploration programme at the Conjecture project has been planned for March 2013 to further identify the size and scale of the mineralisation at this exciting project. Given recent changes to mine health and safety rules in the US, which for the first time now force mine owners to comply with the regulations, not just contractors, the Company has done exceptionally well to receive approvals and recommence operations so quickly. The new appointment to the operations team of Terry Tew has enabled Black Mountain to receive this approval and confirms the strength and experience the Company has at management level in all aspects of mine development and production. As previously indicated, the Company is confident that it can mine New Departure and Conjecture profitably, even with a silver price at half the current level. With production just around the corner, and further drilling planned to confirm the potential of their projects, particularly Conjecture, we look forward to positive news flow in the New Year. In addition, it is worth noting that the usual annual heavy snowfall in the region has so far held off allowing the Company to make more progress at this time of year than originally anticipated. Let’s hope this good weather continues and it is a mild winter in the region!

Analysis Proactive Investors believes the current share price of around $0.195 does not come anywhere near the intrinsic value inherent in the projects, the value of the resources nor the near term production assets. We believe that a share price of closer to $0.30 is warranted.

Black Mountain Resources’ (ASX: BMZ) substantial shareholder SFG Australia has increased its stake in the company to 9.01% from 7.96%. The increase was due to the acquisition of 719,385 shares over a period from 21 August 2012 to 13 November 2012 for a total of $165,565.89. Black Mountain had last month intersected high grade silver zones as well as uncovered a new mineralisation structure at its Conjecture Silver Project in Idaho, with grades of up to 715 grams per tonne (g/t) silver and silver equivalent from maiden drilling. The drilling program is the first exploration drilling undertaken at the Conjecture Project since the 1980s and, importantly, has successfully confirmed the grades and the presence of historic mining blocks identified by previous sampling, exploration and mining undertaken at the property. The results also highlight the high gold, lead and zinc content of the structures. The credit for these minerals further improves the economics and enhances the potential of the project. Strong silver prices and the simple mining and processing methods required further enhance the prospectivity of Black Mountain's projects.

Black Mountain owns a 70% stake in three previously operational mines in the silver rich regions of Idaho and Montana in the US. The company recently confirmed high grade silver zones as well as uncovered new mineralisation structure at its Conjecture Silver Project in Idaho. Grades of up to 715 grams per tonne (g/t) silver and silver equivalent were seen from the maiden drilling activity. The drill results are consistent with the previous historic data for mining block 31 identified in the 1981 Reserve Report. The block is now estimated to contain 50,000 – 60,000 tonnes at an estimated grade of 350-370 (g/t) of silver. Historically, this site has produced more than 800,000 ounces of silver at more than 220g/t over 100 years. However, there remains slight uncertainty on whether the exploration and development activities undertaken at these projects will result in sufficient resources in accordance with estimates. Despite this, we are quite optimistic that Black Mountain will offer compelling value to investors given its near-term production profile as well as exploration upside. Furthermore, the stock has seen a depreciation of almost 40% since listing on the London Stock Exchange in July 2012, making it undervalued. We assign a Speculative Buy rating to the stock.

Black Mountain Resources Ltd. Project Development Update Wednesday , 28 Nov 2012 Black Mountain Resources Limited Black Mountain Resources Limited (ASX | AIM: BMZ), the silver focused development company with interests in the US, is pleased to provide an update on the development of its Conjecture and New Departure silver projects located in Idaho and Montana respectively. Highlights Development work at New Departure Silver Project, Montana has recommenced •Federal health and safety regulatory approvals granted for development works •Equipment and personnel mobilisation underway •Initial production on target for Q1 2013 •Drill program completed Positive progress made at Conjecture Silver Project, Idaho – on track for initial production in Q2 2013 •Portal installation at Graham Adit nearing completion •Updated exploration programme for March 2013 following high grade intercepts near to surface from drilling Black Mountain CEO John Ryan, said, “We are highly encouraged by the progress made at both our near term US production assets, Conjecture and New Departure. Development at both projects is focused on achieving high grade silver production from historically worked areas over the next six months. At Conjecture, with the re-opening of the Graham Adit nearly complete, we will soon start driving the decline to cross cut the historical workings, enabling us to commence low cost high grade silver production. At New Departure, having received sign off from the federal health and safety authorities, we will rapidly advance development work over the coming days with a view to commencing production early next year. “As well as having near term production targets, both projects have demonstrated exciting exploration upside potential following recent drilling campaigns at each site. Although some delays have been experienced at New Departure due to a backlog at the assay laboratory, we recently announced the significant intercepts of high grade silver up to 1,106 grams per tonne near to surface at Conjecture. With this in mind, we are now planning a second phase of drilling and geophysical work for March 2013 onwards which will strengthen our understanding and scope of the mineralisation at the projects.” New Departure Silver Project Black Mountain is pleased to advise that federal health and safety regulatory approvals have been granted for development works at New Departure. Operations have recommenced with equipment and personnel are being mobilised to site. The development work will initially complete the rehabilitation of the Laczay Adit and Tunnel. A 335m decline will then be driven at a 15% decline to access historic workings below the historic blocks known as the Main Zone, additionally allowing access to the Quien Sabe Zones and the Bonanza Zones by way of secondary drifts off the main decline (depicted as numbers 5 and 3 respectivel

ok finally decided to take the plunge here as I see 12.6p as a good in. Hopefully volume should start picking up, production Q1 2013 folks

http://www.investegate.co.uk/black-mountain-resources-limit-(bmz)/prn/project-development-update/20121128071758PB227/

Thats where I am at the min, the problem so far is volume its not always easy to get dosh out if you need it, I am watching also from sidelines but can't understand why others don't see value here especially with production so close. GL, lets hope it dips a tad further before we jump in lol

As I understand it, its the presentation on the 20th that was out and not compliant with a JORC standard. We already know that it's historic data, reason for the drop imo is nothing serious and I would expect the SP to recover over the next week or so, that said its really post Xmas when I expect to see this develop and see more volume traded and more investors interested. No waiting for permits, no cash raising issues, a mill and 2 mines ready to go full of silver a commodity with a decent future given demand will outstrip supply.