Member Info for JerseyCrew

Redandy - a little known fact - The Law of Averages is also know as the Gamblers Fallacy or the Monte Carlo Fallacy.

Maybe that is why they refer to AIM as the casino...

Just saying...

If anyone wants a glimpse into the future take hard of today’s IT outage. The unthinkable can happen. You can keep your Bitcoin. I’m sticking with gold.

And that is why physical gold is an attractive and safe asset

Q4 2020 independent value of 50% interest in the SK projects was US$11.05M

Scoping study for SK - post tax NPV US$181M, free cash of US$50M pa, IRR of 111%

cUS9M committed by JV partners

Current market capitalisation of c £10M (a joke - my comment)

3 projects with cumulative c. 1.8M oz Au and US$9m of funding for Gubong, Kochang and Lobo - a value disconnect?

My comment - absobloodylutely

So we announced a $2m investment from our local korean partner giving us c.$7m to advance both our low capex historically producing mines in country and retaining 40%. Already c. $20m equivalent investment in development due to projects being historic mines, ready access and data availability. Simple modular plants and starting with toll treatment. Price off, frustrating but development plans in action following recent technical teams visit.

So there you have it - the company are frustrated at the SP reaction and understandably so. The tweet contains a simple breakdown of the 3 projects entitled sum of the parts

Look at the trades

The good news is David - it’s our JV partners who are motivated to get the permits in place - they are not waiting on BMV - they are driving this baby now.

This is what Zak had to say following todays Stella news:

It has been a golden run already for shares of BMV since the beginning of May, and one would think that today’s farm-out news would be the icing on the cake for a rally which has already seen the shares triple in value.

Well said Zac

Steven in my view the market hasn’t even woken up to the potential here - we have a few traders selling on news- happens all the time. Watch out for the big money that will flow in….

A few main highlights of our Kochang #gold & #silver mine farm-out. Really excited that our South Korean partners see the potential of both our historic gold mines in South Korea. No cash requirements from us with JV structure. Onwards and upwards

They have a slide underlining 4 key highlights.

100% Bantum

End game 100K

AISC -say $900 allowing for inflation

POG - errr at least $2500 in my view (probably $3K + in reality)

40% x 100K x 1600 = $64M

Without the silver

I am expecting some large purchases after traders take some small profits off the table. Might not be today but they will see the multi bag potential here.

ATB

Lets face it, most investors here including myself hasn't got the first clue when it comes to the permit process and local cultural nuances. However my expectation is that Aidan and the BoD has identified that a local JV partner with that expertise and understanding is exactly the right way in which to unlock previously closed doors.

I am not sure why there would be local objection - this is an underground mining operation and likely to create jobs and wider enterprises needed for consumables. I believe that SK is a commercially friendly environment and we are unlikely to get the NIMBY approach by local residents. Remember that Asia gets gold unlike western retail consumers - they will see the benefit of a local gold and silver producing company.

For those thinking that this is not a good deal I suggest they take a step back and consider the big picture here - the journey we have been on - the impact of a local partner that unlocks doors and no need for a small market cap like us at the moment to try and raise money and incur huge dilution in the process.

This is an amazing deal that will fast track us to monetisation and open doors for us for the future.

And they are already engaging with contractors for quotes and JV partner shows a willingness to kick things off before permits issued - that shows a high level of local confidence

Well done to Aidan and the team.

You delivered as promised.

What a future here!

And another 2 x 1M purchases this afternoon……

Same as yesterday - someone knows a good thing when they see it

POS $31

We have a high silver content at our Kochang Mine and 8.3 sq km epithermal high grade vein deposit which produced c.110,000 oz Au (19.6g/t) and 5.9Moz Ag (1,000g/t) from 1961-1975

Reminding everyone why BMV is an amazing investment opportunity - gold and silver.