Member Info for Moneymaker2015

Don’t forget 5 million oz Silver at 1,000g/t too! The silver here could be a big money spinner for BMV. At those grades, it’s a huge contribution to the site costs and company overheads.

It’s very good indeed and will be interesting to see if/how they utilise the additional adits. In theory they could now extract ore in numerous locations simultaneously.

I’m particularly interesting in the results of these grab samples and the further ones they plan to do. As this ore is literally just lying on the ground, it’s cost per tonne to produce will be very low. As Capt says “Kerching”!

I’d not seen this one today. As simple as pictures like these are, for shareholders, it’s good to see things happening on the ground. VAST did the same when they headed towards production, whilst it may not be the best example of a company due to bad choices retrieving funding and endless dilution, it was nice to see the progression as things moved forward on site. Hopefully BMV will continue with the photos on site all the way through to production in each of the mines.

Shame it’s gone down considering they’ve added the value of Batangas. However, I’d say the production rates are more realistic. Not quite sure why they’ve still discounted it by a further 50% though, without good reason.

I agree with Pb on that one, that if there are any strikes during that period, the workers forgo any future increases.

Unfortunately, these days it’s getting more and more difficult to lay-off Employees without good reason. Whilst in theory it’s a positive thing, in reality it in just allows workers to go on strike whenever they want something, knowing that the Employer cannot get rid of them for it. As Cindercone says, it leaves Employers open to exploitation.

It’s a very good presentation this, you can see why the BoD are excited by the GRS. Given the scale of the GRS, never mind the entire KSZ, it’s surprising the share price has drifted back to where it is. Although, truth be told, I’m using these lower prices to accumulate some more shares. With KAV I personally think it’s more of a case of “when” and not “if” it will succeed.

Yes it’s what first attracted me here. I’m not bothered about a company having a JORC. I just want to know there’s gold in the ground and the company is planning on extracting it, which will inevitably increase the value of that company. BMV has been telling the market for years that is has the gold and is planning on mining it, yet the market hasn’t listened.

If all goes well, I can see the share price here been considerably higher in 12 months time. Whether this will be a quick jump or a gradual increase though is any bodies guess. Exciting times ahead though.

Mcc,

Yes, I held whilst it was at 0.5p for a couple of years. The biggest shock in my opinion with EUA was when the MT licence was received. The sp jump to over 1p but then quickly drifted back below 0.5p again. This was in my opinion though, the biggest news I’ve seen EUA release. I was surprised it didn’t attract many new investors either.

I got fortunate with my timing. Whilst I erroneously sold some at 13p when the suspension was lifted, I did sell the majority at 40p+. At the time we only had the MT flanks, which required further exploration, so I wasn’t 100% convinced that a sale would attract a sum higher than the mcap at the time.

Whilst I was quite fortunate, my point was not all AIM shares fail. I’ve had a couple of big gains from AIM and all you need is one to go well, to make you financial position much easier going forward. In my personal opinion, AIM is the best market for making bigger returns. The key is spreading the risk, as some will inevitably not go your way, but you also have to be willing to hold for 5+ years.

Kira’s comment:

“If I have one word (or a few) of advice to you all it’s this, never touch an aim share again, they all fail…”

It’s actually embarrassing that you’ve put that on the EUA board.

1. EUA has gone from an explore, to a producer, and has massively increased the size of its assets, so has not failed from a business perspective.

2. Within a small period of time, EUA’s share price rose from 0.45p to 42p. I myself as example have been fortunate enough to place over £150k in my bank account, whilst still holding (in my opinion), a decent number of shares. All from an initial £3.5k investment. Granted, this is subjective, so comes down to personal opinion, but I consider that and ultimately EUA, to be a successful investment also. Therefore, not a failure.

After a two year hiatus, due to Covid and the sale of SAU’s 50%. It’s nice to see things have gone back to normal with BMV: regular RNS’s, Twitter updates and now interviews.

Along with that Batangas news, I particularly liked the timescales CB provided, which take us to around Xmas this year for first gold pour. Obviously, he was reluctant to commit to Xmas, as the ancillary permits are out of their hands and need to be approved immediately. Although, it sounds like BMV has the most experienced person in SK pursuing the permits for them.

Definitely a lot of news flow due within the next 6-months, this should help in nudging the mcap in the right direction.

Keep in mind that 16.7p is discounted by 50%, to allow for risks in production. If nothing goes wrong, the target would be revised to 33.4p.

Yes definitely. It shot to over 5p very quickly about 18-months ago just on the potential of obtaining SAU’s 50%. BMV now owns 100% of the SK mines, is heading toward production and now even has potential to bring Batangas forward too. It’s now a lot more valuable than it was last time it was over 5p. There’s been some big buys lately, so 5p may not be too far off, as the free-float is taken up.

It’s nice to see things still moving forward here. Due to the scale of some of the company’s assets, funding is/was always an area of concern for a non-producer. Getting Han**** into production will be a game changer in terms of funding the development of these other assets.

given how* quickly this has moved in the past.

3p in the next month / six weeks is very feasible given quickly this has moved in the past. Nice to see the upward momentum though.

So it’s appears that at very best MNRG will receive £1,019,999 and avoid costs from parent guarantor. Not exactly an outstanding compared to owning 50% of a £20m+ asset.

In hindsight, it would have been much better for Rolf to work through his disagreements with PR and for MNRG to gain 50% of the oil asset.

Very strange indeed. If any other company announced they’d just acquired a project with 440,000 ounces of gold, the share price would fly up. BMV announce they may be able to bring one into production and that the value might be going back on the balance sheet, and there’s next to no trades or shift in the mcap. Absolutely bonkers.

I’m not getting my hopes up just yet, but this could add substantial value to the company. It’s was mothballed since near day one due to the rapid change in govt policy, then taken off the books completely. Given the huge increase in Gold price, it’s also worth considerably more than it was when BMV first took it on too.

It’ll be interesting to where things are in 12-months, with both projects in SK and now with Batangas. Dare I say, we could have one project in production, with another two to follow shortly after…

It feels as though BMV has been brought back from the dead!

With these more regular updates as of late and now the Twitter account coming back online, we may start to see a bit of a shift in sentiment here.

Agreed, especially when you consider how low the mcap is compared to the potential of the asset. As you say, just sit back and wait.