Share Name Share Symbol Market Type Share ISIN Share Description
Black Mountain Resources Ltd. LSE:BMZ London Ordinary Share AU000000BMZ3
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.00p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -2.2 -2.2 - 0.75

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Date Time Title Posts
01/8/201623:44Black Mountain Resources (BMZ)2,488.00
03/6/201409:23Black Mountain Resources Limited (BMZ) - Well Undervalued!!!!234.00
15/11/201315:48Sprott very keen on silver stocks1.00

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DateSubject
30/12/2014
13:02
loverat: PL really should have put out an RNS about this share price movement. The significance within a very short period certainly warrants one.
24/2/2014
16:25
maa12: No one is concerned about production, the contained silver is underpinning the valuation and the share price is consistently tracking the price of silver. As the silver price goes, so goes BMZ share price.
20/2/2014
21:48
sportsauto: Tops, 100% correct, BMZ is a gift at these prices. Buy and hold, major profits to be had and silver productions will come! BMZ price will climb considerably when each milestone is hit. POS is trending up ,BMZ is best place to be for silver exposure.
18/2/2014
17:47
sportsauto: Looking back at previous posts from last year( could easily apply this year) on this thread. Economics of the mines look excellent. Cost are low c$10 so still very profitable at todays silver price and a MUCH lower MCAP. Delays happen, mining is complex .BMZ today is FULLY FUNDED and Production is about to begin. Share in issue c100m , mcap c£5m , Same silver assets, FULLY FUNDED and ONLY 5.5p to buy today Just forecasts but shows the POTENTIAL. imo dyor nia Many expect Silver rise in 2014! Example 1 opaldouglas 23 Jan'13 - 23:25 - 866 of 2219 0 0 Although all will no doubt have figures/predictions this is my take on 2013: Grades: New Departure - 622g/t. Conjecture - 350g/t. Silver price: $30 p/oz Exchange Rate: 1.6 Operating Costs: New Departure - $7 p/oz. Conjecture - $10 p/oz. Efficiency: 80% Based on conservative estimates of New Departure coming online in Q2 & Conjecture in Q3, both initially starting on 100tpd respectively and then ramping up to 250 in subsequent quarters. So: 2013 Q1. New Departure - n/a Q2. New Departure - 100 tpd (Operating Profit £2.4M) Q3. New Departure - 250 tpd (Operating Profit £6.1M) Q4. New Departure - 250 tpd (Operating Profit £6.1M) 2013 Q1. Conjecture - n/a Q2. Conjecture - n/a Q3. Conjecture - 100 tpd (Operating Profit £1.4M) Q4. Conjecture - 250 tpd (Operating Profit £3.4M) 2013 - Operating Profit = £19.4M £19.4M minus excessive 50% for tax, fees, admin etc would give a profit after tax of £9.7M. deduct 30% as BMZ have a 70% control and this would leave a very respectable £6.8M clear profit (for comparison purposes). Working on P/E of 7.5 with 69M shares in issue this would equate to a share price of 74p with an upside of 546% of today's mid price! Obviously cash generation will have to be spent on further drilling/exploration in order to bring Tabor online and prove up current resources, which is the big but! but... going off historical data and drilling to date things look v promising indeed. I'm in no doubt that a further cash call will be required in the first half of this year but this shouldn't be excessive and with v little capex required for such a high grade silver deposit to date there's every chance the rewards here could be huge. Based on my 2014 predictions, all thing being equal a share price of £1.45 is predicted. With a current market cap of £8M things look v interesting here indeed. Of course all in my opinion!
15/2/2014
20:18
jungmana: SomeuwinAs i have said many times both bmz and agq management are not even fit to walk my dog. The past few years has been a wasted at agq and bmz share price also collapsed partly due to failure of leadership.They are both punts for me based on momentum created by silver price increase and imo neither will be in production this year.
15/2/2014
19:32
goodbloke1: Jungmana.You should realise the momentum is much more with BMZ at the momentum and I doubt that AGQ will match BMZ for share price performance over the very short term.Market perception not just a technical measure (i.e JORQ) moves a share price and with the bonanza grab sample grades potential near term production etc this will probably be reflected in considerable further movement next week in my opinion
14/2/2014
08:43
sportsauto: BMZ economics..huge profit and small mcap now Black Mountain (BMZ) is front and centre in our radar. And it's just down to mathematics. The company is about to start silver mining and production in uber secure US properties. They have two mines, New Departure in Montana, due to come on stream this quarter, and Conjecture in Idaho, coming on stream next quarter. Now the mathematics is really simple. At New Departure BMZ are targeting annual production of 1million ounces at an expected cost of $9 per ounce, or a gross profit of $14 per ounce even at a lowly $23/oz silver. Thus total targeted gross profit per annum is $14million. At Conjecture it's 700,000 punces targeted production at an expected cost of $11 per ounce, generating annual gross profit of $8.4million assuming again a lowly $23/ounce silver price. So in total the company is looking a gross profit each year of $22.4million, of which they hold 70% or $15.7million. This gross profit is highly leveraged to the silver price, and the sharper commentators in the market see silver as being likely to significantly rerate upwards in the years ahead. With 86million shares in issue, and a current share price of 10.625p in London, the market cap is just £9.1million, compared to the annual attributable to BMZ gross profit from targeted silver production at current low silver prices of £10.36million. The company looks to be undervalued to a very material extent. For UK investors it is isable, being listed also on the ASX. Something of a sitter? Possibly, for sensible holders willing to buy and watch production unfold."
21/1/2014
20:54
lilaclily: High grade pure silver play production coming on stream late Q1 2014 Below extract from last year- can still apply to this year and BMZ at half the price. I'm expecting SILVER to rally this year. "Why we are buying Black Mountain? Hell, it's been a poor market for resource shares, but as we often say value destruction in the markets leads to opportunity. Black Mountain (BMZ) is front and centre in our radar. And it's just down to mathematics. The company is about to start silver mining and production in uber secure US properties. They have two mines, New Departure in Montana, due to come on stream this quarter, and Conjecture in Idaho, coming on stream next quarter. Now the mathematics is really simple. At New Departure BMZ are targeting annual production of 1million ounces at an expected cost of $9 per ounce, or a gross profit of $14 per ounce even at a lowly $23/oz silver. Thus total targeted gross profit per annum is $14million. At Conjecture it's 700,000 punces targeted production at an expected cost of $11 per ounce, generating annual gross profit of $8.4million assuming again a lowly $23/ounce silver price. So in total the company is looking a gross profit each year of $22.4million, of which they hold 70% or $15.7million. This gross profit is highly leveraged to the silver price, and the sharper commentators in the market see silver as being likely to significantly rerate upwards in the years ahead. With 86million shares in issue, and a current share price of 10.625p in London, the market cap is just £9.1million, compared to the annual attributable to BMZ gross profit from targeted silver production at current low silver prices of £10.36million. The company looks to be undervalued to a very material extent. For UK investors it is isable, being listed also on the ASX. Something of a sitter? Possibly, for sensible holders willing to buy and watch production unfold."
26/10/2013
09:54
colin shakespeare: Engelo - If this is the case would very much like to have heard it from the co rather than some of the b/s they have been putting out, which King Suarez parodied very effectively :-). One of my rules is that if production 9or other critical step) is delayed I like to hear some honest reasons. ....... They quite clearly have encountered delays but I am not saying that those delays were exclusively down to the challenges posed by the silver price environment, though for all I know they could have been. There can be no doubt that if you are negotiating an off-take in a weak or falling silver price environment, you are never going to have the whip hand and you are more likely to be on the back foot. If I were negotiating against BMZ, knowing their circumstances I would also be presenting them with low ball take it if leave it offers, safe in the knowledge that I wouldn't need to overpay and if they didn't play ball, there are plenty of others out there to do deals with. What I am saying specifically is that the delays have clearly not been the main cause of the share price decline and more importantly, from a mine economics perspective, had they not encountered delays and brought New Departure into production over the summer, they would been selling silver concentrate at severely distressed levels. Most importantly, although I have no way of proving this, is that I firmly believe that any announcement of production in such a poor (c$20) silver price environment would not have been able to act as the catalyst for the share price that most investors would have hoped for and any positive price reaction would have been very short lived, as the realities of the low or falling silver price environment started to dawn on the market. You only have to look at the share price performance of other silver producers during that period to appreciate this. I don't think the company would have been in a position to comment on any of the above so I am not surprised by the position they have taken, in keeping their heads down as much as they can until they have something positive to announce. After all the market doesn't respond well to excuses. Likewise I don't doubt for one minute that they got way ahead of themselves in not anticipating such challenges. All said and done, they are better off saying nothing and getting on with it until they get production and/or off takes sorted. Hopefully this will occur in an improving silver price environment, giving the share price the best possible chance of reacting positively to the news.
27/8/2013
14:20
alfred palfred: Very Interesting Colin, I have researched the previous precious metals rush but I bet it was both terrifying and exhilerating to be trading it. For the benefit of newcomers below is what happened between 1975 and 1980: Bankeno 1975 share price $1.25, 1980 share price $430.00 Wharf Resources 1975 share price $0.40, 1980 share price $560.00 Steep Rock 1975 share price $0.93, 1980 share price $440.00 Mineral Resources 1975 share price $0.60, 1980 share price $415 Azure Resources1975 share price $0.05, 1980 share price $109. This bull market is only a few days old, selling for a small profit will probably be regretted later. Did you have any of the above Colin?
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