Member Info for BillFence

Somebody bought shares today! Was it you Jimmy?

You seem to have it in for Landau but I am not quite sure what for. Sure some of the RRL deals did not come off and he could be over-bullish in his predictions but he was the man who took RRL from 2p to 20p and most of the deals that the new management have put in - that everyone is raving about - were his deals anyway. The bit that really makes me laugh is that you say that you see the figures show that this is a potentially good (IMO great) share to invest in but you won't do it because of Landau. That seems a little bit like cutting off your nose to spite your face to me. If you can make money in a share then make money it is - doesn't matter who runs the company. The other thing that gets me is you say that Landau won't get the funding and that is why this share is a crock. As someone who has such a strong opinion on RRL then you should know that Landau ALWAYS gets his funding. It is the part of business that he is best at and I can't believe that you would ignore that for other reasons. I tell you what mate -if you think that the only reason that this share will not fly is lack of funding then wait until it gets it's funding and then invest. You won't get these prices but there will still be plenty of money to be made - have a look at the figures that I posted below - this is going to fly on production. Wait until funding is announced and then invest - you'll certainly make back a good percentage of your RRL losses. Have a look at the figures I posted below and let me know what you think. I'm happy to discuss my workings with you if you want.

Hi Nat, I was just looking at your post about the production in winter and it got me wondering too. I'm sure that I have read on some boards that there is only a 3 month window for mining but my mate who put e onto this share claims that it is only Conjecture which has a season, and that anyway this is much longer than 3 months. If New Departure is year round then that just makes this share better. I have dropped an email to the info@blackmountainresources.com.au address asking if they can clarify this for me - I am sure they can as this info cannot be market sensitive. I will post here if/when I get a response, but in the meantime is anybody lese knows then please let me know too. I agree with you on production too - all of the silver in the world is worth nothing if you can't get it out. Presumably the company need funding to get production going so I guess that we are waiting on funding news first and then once that is in production timescales next. Landau as always been good at getting funding for things so I am willing to bet that he will have that sorted and as long as it is not too dilutive. Considering that there are only 98 million shares in issue there is some leeway in there while still keeping the capital structure tight. I would still prefer to see a loan deal as opposed to an equity deal though. Production depends on the weather window, if there is one. Hopefully we will know more when Australia gets back to work this evening and they reply to my email - otherwise I ay just ring the office first thing tomorrow.

These are not good results, these are amazing results. Assuming that the specific gravity of that rock that is being mined is no more than slate or shale (and I expect that it should be better than that) it's specific gravity will be 2.7. http://www.edumine.com/xtoolkit/tables/sgtables.htm If the specific gravity is 2.7 then at the 422 oz/t (12,000g / t) results of silver then the amount of silver down there would be amazing. In a mere 1 cubic meter section of the mine then this would give 2.7 tons of ore and in this there would be 1139 ounces of silver worth $25,000 USD. This would be in the size of a packing case. In a 10 cubic meter section of ore at the channel sample rates (about the size of a diving pool) then this would give 2,700 tons of ore which would produce 1,139,400 ounces of silver worth $25,000,000 USD. This is more than 6 times the current market cap of the company (4.2 million USD) It could also be processed in 11 days. The figures are simply staggering. Although it is clear that not all of the ore down in New Departure is going to be at this staggeringly high grade, even if it is only an average of 10% (1,200g/t) then that would still mean that the company would generate $25,000,000 in 3.5 months. This is approx. $80,000,000 per year for a company currently worth $4.2 million. Now all they have to do is start producing.

Back to the quiet and the relative sanity of the BMZ board... I had forgotten what it was like on some of these forums where shares get a cult-like status amongst investors and anyone who does not buy 100% into the "it's gonna fly" dream gets slated for it. The BMR board was mental. I was invested in that share 3 ears ago and the stuff that they are saying on it at the moment is exactly the same as others were saying then, juts with a lower share price. However, if you try to point this out to any of them then instead of defending the share with anything like rational comment they just get all abusive. I've met the company MD a number of times and been unimpressed but because they don't like what I have to say they just call me a liar and a deramper. I could describe the boardroom to them but the laughable thing is that none of them would know what it looked like if I did! All I wanted to do was have a sensible conversation with some of them about what was happening to the share but apart from saying the old chestnuts like "this is going to fly" and "wouldn't want to be out of this one in the morning" none of them were even willing to put their money where their mouths were and predict where the share price would be in 6 months time. Do none of them know? Anyway, in the end the only one who did it was me, and then they had the cheek to call me a de-ramper when I simply posited an alternative view. It seems like if you are not in the BMR cult then you are not welcome to post on the BMR board - shame. I may try again in a day or so and see if it was just an off day for those with brain cells. LGO board on the other hand was great. The occasional idiot but mostly fairly clued up investors who seem to know what they are talking about and be willing to debate things. I'm going to get some research done into that share and maybe invest. I'm not sure if it will be as good as this one but it never harms to hedge your bets slightly.

Risky, I'm with you, I think that this share can be a real winner but it seems that I am the only one on this board who gives their reasons for thinking it is a winner and even I don't think that it will treble next month. It will do way more than treble when production happens but that isn't going to be next month. Why do you think it will do so well before then?

Lucky Friday was a company run by John Ryan one of the BMZ directors and alongside Chester Mining Company and Brush Prarie Minerals they leased Conjecture, New Departure and Tabor to Black Mountain. Lucky Friday can't be bust as in the last annual report they still show as holding 500,000 shares in BMZ. Interestingly, according to the company RNSs it would appear that Brush Prarie we the ones who controlled New Departure, Lucky Friday controlled Conjecture and Chester Mining controlled Tabor.

No.

Production is due to be Q3/4 this year. That's when the money will really come in, but I'm waiting for the channel samples which should be in the next week or so for the first shot of god news.

did you get an answer about production from your email to Landau this weekend?

Paulo123, I know all about Landau and his current reputation but if you go back 3-4 years all these same Range investors that now hate him thought that he was a god. He took the share from 4p to 20p in less than a year and anyone who made 4 or 5 times their money and didn't think that things looked a bit toppy is an idiot. I think that the fact that Landau is involved in this share is a plus not a minus as we know that he has the capability to actually take a share from low to high rather than just talk about it (like the guys at BMR for example). Also, this is not a share like Range which was hyped up on wildcat exploration potential but a mining company that actually knows what it has in the ground from the historical resources. All they have to do is get it out and that is only a matter of time. The other big criticism of Landau from Range shareholders was the fact that there are so many share is issue with Range due to constant dilutions for fund raising. That doesn't seem to be the case here as there are only 98 million shares in issue which means the share price will go up by a penny for every £1million it generates. Once BMZ starts production then this thing will fly as it will be generating £1 million approx. every 15 days by processing the silver at the grades they have said that they have. This is just in one mine and with known resources. Imagine what Landau and his PR abilities can do with this once that happens. At this price this share is a no brainer - strong buy.

My friend says that the known resources at New Departure are just the tip of the iceberg with this share.

I was put onto this company by a good friend of mine a month or so ago. He has done extensive research into it and claims that it can be a real winner. He takes the share so seriously he has even set up his own research site to discuss it with other informed investors and keeps telling me to follow him and pile in at this price. I am still looking into it but from what I can see it looks really good. The company says that the New Departure Mine has 2.5 million ounces of silver in, which gives a total value of the known resources as being $53 million at current silver prices. More interestingly, if the company is right and the average grade of silver in the mine is 620g/t and they can process 250 tons per day when production starts then this will mean that they are generating 5,500 ounces of silver per day worth $115,500 per day in revenue. Since the company is only worth $4.2 million at it’s current market cap then the revenue generated at 5,500 oz per day would equal the market cap in 36 days! Obviously, revenue is only revenue but even if we assume an overhead of 50% of revenues then we are still looking at profit exceeding market cap in 72 days – less than 3 months. If they can keep this up then in 18 months they will have extracted the entire $53 million for a $26.5 million profit (£15.5 million) and we will have 6 bagged from here on known resources at New Departure alone. It is just all about when the mine actually goes into production. Does anyone know when this is due to be? I will see if my friend knows also. Let me know if my figures match yours.