Member Info for Moneymaker2015

Keep in mind that Gold is heading toward $1800/oz. If we do get good news later this month Aidan will be smiling with glee that he picked-up another 1m shares.

I admit, I am a optimistic in that I’d be surprised if Aidan stumped-up £8k of his own cash at that specific time if he hadn’t been given some indication that the permit was likely to be passed.

You say ‘will get the job done’ but during his last term he said that he’ll build a wall and make Mexico pay for it. In the end, he build half a wall and the US paid for it. Trump is all talk. Russia will only “come to the table” because the need an escape route out of a war that’s costing them billions of dollars. A spanner in the works is that EUA is registered in the UK and tensions between the UK and Russia are increasing, so given Starmer and Trump

don’t see eye-to-eye and this is the first time in decades that UK is unlikely to be the US lapdog, I’d be cautious on banking on Trump saving the day for EUA just yet.

To be fair to John, it does say completion of major works, making you wonder when the remaining work will be complete and commissioned. Impact from the weather is a different story as we’d need to know what work will still be outstanding to know whether or not it may be impacted by the weather.

As he’s says though, on the bright side, with the POG continuing to rise, it should only have a positive impact in the long run.

I think the only ‘clear concise update’ we’ll get is either the MTUP has been approved or declined. The timescale for that though BMV don’t seem to have any clue on.

Ref the “Why invest here when you can put your money into companies that are already in production and taking advantage of these record gold prices”, the biggest gains are predominantly made in mining juniors, opposed to already well established producers. It’s just the risk/reward scenario.

To be fair, it was never going to be jaw dropping news as he can only discuss what is already in the public domain. It’s already been a few years of waiting, may as well hold on for a few more.

Indeed. I’ve been hoping they would start the refurbishment work now rather than waiting for the MTUP. Hopefully by the time it finally lands we’ll be able to go straight into production.

Just think, if the company even achieved 50k oz per annum, half its overall target, each $100 the POG increases is another $5m pure profit ($2m to BMV).

Well, they did say publish by the end of the week, so they have all day to do so. I’m more curious about it getting filed on companies house, which is still over due.

Ronald’s shown his face again. Can only mean that OPG is on its way back down again so he pipes-up on other BB’s to make himself feel better. Isn’t it currently a 10-fold loss for shareholders over the last 10 years with that one? 🤔

There’s a clear disconnect in the value of the projects and the prospective spend by the partners. Truthfully though, I think it’s the previous track record that’s primarily to blame. The company was in near the same position prior to Covid a few years back I.e. fully funded and ready for production. Then, Southern Gold got cold feet and wanted to sell their 50% and somewhere along that drawn out process BMV lost its funding partner.

Once permits are in and some work commences onsite, I think that’s going to a driver in the market here as it demonstrates progress is clearly being made. Moreso as Jersey points out with the POG lingering around the $2500 mark.

“Non JORC estimate 550-700Kt, grading between 5.2-6.6 g/t Au and 27.3-34.8 g/t Ag.”

550Kt = 550,000t. @ 5.2g/t = 2.86m grams = 100,883oz Au = $238million at todays Au price.

550Kt = 550,000t. @ 27.3g/t = 15m grams = 529,638oz Ag = $16.16million at todays Ag price.

Not a bad lower end revenue at over $250million…

I was actually wondering the same ref news being released just before the presentation. I’ve seen it many times in the passed and in BMV’s case there isn’t much they’re able to discuss that hasn’t already been released. It’s the Kochang approval and finalisation of the JV we’re awaiting on now. I’m still curious what the terms of this JV are going to be though and what role were wanting the JV partner to play.

It will be interesting to see what deal they strike. Considering Kochang is already going through permitting and the next stage is actually starting production, the best deal would be the partner pays for production and gets around 50%. BMV could then use that revenue to fund Gubong production in the future.

I just hope they avoid the issue of getting all the way to production decisions across each of the projects, only to the. Have to give up more ownership because the company cannot fund its stake.

Shhh, keep the noise down!

We do not need to chat on this board, we simply know the potential and review the good news as it comes in.

Irony is, compared to EUA for example, that board is always manic and the share price fluctuating like crazy. Today for example, it was top of the risers board, an RNS came out clarifying nothing has changed, then it ended near the top of the fallers board. The BB has hundreds of messages, yet nothing has actually changed in the last year.

Hey Jersey, Mcap is always a difficult one to predict as it often depends on value of future projects in the pipeline, geopolitical issues in the countries they’re working and whether a dividend is provided.

This isn’t advice in any way, but as a metric, I myself generally work on a conservative 3 x Gross Profit. As an example of 2 producers I’m invested: GFM had a gross profit of $50m but its mcap is actually £270m. AAU had a profit before tax of $5m and its mcap is £29m. AAU is probably the closest example to BMV as AAU owns 23% of a JV, currently producing 20k oz Au, which once all areas are in production is likely to rise upwards of 50-75k oz Au.

Using a rough guide, assuming once in production BMV can get 100k oz Au across all projects. I myself would work off 100k oz Au x $1000 operating profit (probably too low given current and expected Au price) = $100m x 40% = $40m = £31.2m gross profit. Multiply that by 3 and it gives me an mcap of circa £100m.

The above are very rough, but conservative calcs. They also assume that BMV is able to retain 40% as it drops to 40% before a production decision, so BMV would need to find a way of funding its 40% stake.

It’s still a few years away yet and is dependant upon a few things going BMV’s way, for example obtaining required permits, but if all goes well, the future is looking bright for BMV.

Yes, don’t be forgetting Silver, it’s at over a 10 year high and BMV have masses of it across at 3 projects. It all adds to a companies bottom line once in production.

Correct $120m revenue. At the current $2300/oz Au price, $1000/oz profit would be a fair assumption too, so $60m profit per annum (pre-tax) or $24m to BMV wouldn’t be too far off the mark. Obviously, that’s assuming all goes to plan.

To be fair, if you’re shorting but the share price is going up it would matter a lot.

A lot of new faces on this board today. Wonder how busy it will get if the TMUP and JV is announced for Kochang. Nice to see Aidan do an interview off the back of the news too. Shame he didn’t commit to any timescales though, some indication would have been nice I.e. are we talking months or years for the milestones.

Bit odd that mr Cricket tells everyone that he bought in here today, sold and lost a few hundred quid, yet recommends He1 and HeX. I’d be sceptical about taking a recommendation from someone that bought on a hype and sold the same day, losing hundreds of pounds 🫤.

I hear ya Jersey! Not much further on than we were 5 years ago! I’m still optimistic that one day this will come good. Hopefully there’ll be little dilution and gold prices keep rising until that happens too, but time will tell I guess.