Acquiring high-quality gold assets w/ higher than average returns
They say that not all that glitters is gold, but in this case, “they”, just might be wrong. So, let’s dig deep into this opportunity.
Say hello to Brookmount Gold (OTC:“BMXI”), a US-based, publicly listed company serving as an investment platform for high-value gold assets with JORC/NI 43-101 verified reserves. The company actively mines gold, operating two producing mines in the northern part of Sulawesi Province of the Republic of Indonesia, and they are also looking to secure additional gold assets in North America and Australia. They view gold as a “safe haven” investment during times of uncertainty — something many active players in the market know all too well nowadays — and their ability to produce profits and value for shareholders through the COVID-19 pandemic have held up to that mission.
“This fact has been proven inalienable over 5,000 years of history and we believe, is especially relevant at this present time,” says Brookmount CEO, Nils Ollquist.
So let’s dive a little deeper into who Brookmount is, where they’re heading, and how it’s all translated on the company’s balance sheet.
Targeting Expansion Brookmount targeted new regions for project acquisitions in 2020, ultimately starting by focusing on the Moosehorn project. The objective is for the company to diversify its geographic risk.
A Reliable, Tangible Asset Gold has long been considered one of the most reliable investments possible. Even before it was used as money it held great value — a trend that has stood the test of time.
Profitable Brookmount’s balance sheet has been moving in the right direction for some time now. We’ll take a look at their specific YoY data later, but will point out now that they are trending up.
What are we doing now? Brookmount recently acquired “Moosehorn” a 5,000 hectare property with a proven gold resource in the highly regarded Tintina Gold Belt which runs from Alaska to the Yukon region of Northwestern Canada, with projected gold production from both placer and hard rock sources. Moosehorn has a NI 43-101 confirmed resource of 39,040 ounces of gold (oz au).
This added to the company’s two gold mining facilities in Indonesia, which they upgraded recently.
Talawaan Gold Project (Indonesia)
Brookmount’s Talawaan facility has been recently renovated and upgraded, having over 50 ball mills, 5 high capacity flotation tanks, and tailing ponds on the 50 hectare reserve. This facility also processes ore from 3rd party mining.
Manado Gold Project (Indonesia)
This joint-venture project is operated with a Taiwanese partner, with the partner assuming full responsibility for costs of building and operating the site’s leachpad facilities, and a 30/70 split of net revenue from production. To date 2 leachpads (and associated infrastructure) have been constructed with total processing capacity of 42,000 tonnes of ore. Initial processing took place in February 2020, producing approximately 280 oz. of au.
Moosehorn Gold Project (Canada)
Brookmount’s Moosehorn project is located in the highly regarded Tintina Gold Belt, which runs from Alaska to the Yukon region of Northern Canada. The 100% owned project has a NI 43-101 confirmed resource of 39,040 oz au. It’s also just 30 miles from the Alaskan Highway system with three usable airstrips in the area, providing excellent and efficient access to the project with multiple (read: potentially profitable) gold mineralized drill ready targets.
While the specifics of the Moosehorn project itself offer a positive outlook for Brookmount, the project also signals the company’s larger focus, which is to broaden base of operations into “developed country” gold markets and diversify its geographic risk. They identified acquisition opportunities in North America, Australia, and South Africa, ultimately deciding to focus their attention on Moosehorn in 2021.
This is a major move for Brookmount, laying a foundation in Canada and Alaska that can make the company a legitimate player in the global market.
A Plan for Growth As it continues to grow and expand, Brookmount is focusing on acquiring only high-value assets of gold reserves with JORC/NI 43-101 verification. To meet Brookmount’s strict criteria, potential acquisitions must have the potential to be developed through rapid and efficient deployment of technology so that production can be quickly converted into cash flow that will be used to fund further investment opportunities.
A Vision in Gold With their eyes set on acquiring more assets in stable and well developed gold markets such as North America and Australia, it seems that nothing is going to stop Brookmount from achieving its goals. Their overall vision? To become one of the world’s leading global platforms for investment in gold and other precious metals. With their focus on sustainability, supporting local communities, and providing investors with high-quality returns, it looks like Brookmount is off to a great start.
The Latest News
Shortly after the Moosehorn Gold Project was acquired last October, the company began developing its plan to expand the drill program. One major component of this plan is to extend the drill intensity and depth in order to upgrade the confirmed resource from 39,000 oz. Au. to 100,000 oz. Au. this will take place over the next few months.
As if that weren’t exciting enough, Brookmount is also working on a plan to upgrade and complement existing on-site infrastructure. They also plan to hire additional workers to prepare for the targeted initial 2022 production starting point of 4,000 oz. Au. p/a and to ensure they meet their goal of 15,000 oz. Au. p/a in 2024.
Costs for these rollouts are projected to reach $5.5 million, but Brookmount is planning to cover those costs using the proceeds of a Reg A offering facility that is currently being utilized for subscription. As the Moosehorn Development plan wraps up, CEO, Nils Ollquist, commented, “The Board is confident that the Moosehorn project will add both to Brookmounts’ balance sheet strength, as the 43-101 resource is increased through the drill program, and our operating results from Indonesia enhanced as revenue from production comes on stream from 2022 onwards.”
So far, 2022 has been a good year for Brookmount. Reported revenue for the first quarter of 2022 has resulted in $4.01 from gold sales, a 33% increase over the first quarter results seen the previous year. Net income for the quarter was slightly in excess of $1.9 million, a whopping 46% increase over the first quarter of 2021. Additionally, investors should note that earnings per share for the quarter reached $0.11/share.
As excavation of the Talawaan site’s high-yield ore seam continues on, management is preparing to resume production at the Alason heap leaching site in the wake of COVID-19 restrictions that will soon be lifted. Brookmount also boasts a recent acquisition of a 5000 HA high-grade ore property, along with mining infrastructure, on the Canadian side of the Tintina Gold Belt. The company plans to bring this new acquisition into the production phase over the next 12 months.
Brookmount’s Bottom Line
All of this has been adding up to positive financial results for Brookmount and its shareholders recently. The company headed into summer 2022 on a positive note, revealing some very promising numbers in its balance sheet.
First up, the company saw a 46% increases in Net Profit and 43% increase in Revenue for the quarter ending 5.31.222, over the comparable period in 2021. In dollars and cents that amounted to $4.6 million in revenue and $1.9 million in net profit, signalling that the company is enjoying growth — growth it has been sustaining in past years, to top it off.
These positive trends come on the heels of upgrades to the company’s Talawaan project, inluding the acquisition of additional reserve acreaded as well as moving forward with its expansion into North America with the Moosehorn acquisition. And in their most recent quarterly earnings report, the company restated their intent to continue expansion by pursuing more acquisitions in North America and in Australia.
Brookmount has been spending money, which has been making money for their shareholders, with total assets increasing to $26 million from $22 million in late 2021, while shareholder funds increased to $24 million from $21 million in the same period.
Still unconvinced? Consider that:
Brookmount’s operations are cash flow positive and generated $6.6 million in net operating profit on $14 million in revenue during the 2021 financial year alone. The company carried that growing value into 2022, recording $4 million in revenue in its first quarter, up 25% over the corresponding period in 2021. Now, consider that in the 2020 financial year, Brookmount generated $6.5 million in net earnings on $11 million in revenues and we can see a consistent, positive growth trend that attracts value-seeking investors.
Brookmount is actively looking to secure additional high-quality gold assets, with JORC/NI 43-101 verified reserves, in the stable, safe and developed gold markets of North America and Australia.
Both its Indonesian and North American assets are owned through wholly-owned subsidiaries.
Brookmount has already invested approximately $2 million in acquiring and developing operations to date.
Brookmount is not afraid to spend money to make money which, most investors would agree, bodes well for their future. Plus, they have a Board of Directors and management team who are experts in manufacturing and distribution, mining, finance and accounting, banking, and transportation to guide the company along the way.
“We will continue to pursue new opportunities for expansion of our precious metals platform including the purchase of additional properties both in North America and Australia,” says CEO Nils Ollquist. “Following the recent upheaval in the cryptocurrency market, opportunities are evolving for precious metals producers such as BMXI, to partner with companies in the Blockchain arena. This is an area we are currently exploring with a number of significant players and we will continue to update our shareholders and followers as we move forward with this initiative.”
So, hop on the minecart and enjoy the ride, because it looks like the next few years are going to be explosive for Brookmount Gold.
Nils has over 40 years of government and private sector experience including manufacturing, financial services, and mining. He has degrees in economics and law from the Australian National University and has worked for international banks in the US and Asia before establishing a boutique financial advisory firm in Hong Kong in 1993.
Chris Lim CFO
Chris is a qualified CPA with over 15 years of audit and accounting experience, including 2 years at Deloitte Touche Melbourne. He has also acted as contract CFO for a number of US-listed companies, is an experienced US GAAP accountant, and is qualified under PCAOB guidelines.
Errin Kimball Executive Director, Global Operations
Errin a geologist with 30 years of experience in exploration and development in mining and related activities. He holds a Specialization in Geology degree from the University of Alberta, Canada. Mr Kimball has served as Vice President, Exploration for Oilsands Quest Inc., Chief Geologist for Synenco Energy in Canada, and Aggregate & Industrial Minerals Geologist for the Alberta Geological Survey.
Fred Kempson Independent Director
Mr. Kempson is a highly experienced international banker with extensive exposure to the resources industry, including gold and coal markets in Australia and UK. Past Chief Executive roles included Australasian Head for Security Pacific Bank and Australian Investment Finance Corporation, a consortium bank including ANZ Banking Group and Bank of Montreal. Mr. Kempson has also served as Australian Representative for the Swiss Private banking subsidiary of Bank of New York and is currently also an independent director of Norseman Gold PLC (UK) and AHA Retail Partners PLC (UK).
Brett Morley Independent Director
Brett is currently a senior check captain for the B777ER aircraft fleet of Cathay Pacific Airways based in Hong Kong. Over a 28-year career with Cathay, Mr. Morley has also served in a variety of senior management positions, including flight training and safety, flight operations, and fleet component evaluation and testing. In addition to his aviation and management knowledge, Mr. Morley has also developed extensive experience as a private investor in Asia over the past 20 years.
Nicholas Medway Independent Director
Nicholas has worked in a number of public and private sector roles since 1995, including a senior executive role in a major telecommunications company prior to joining the Royal Australian Air Force as a commissioned officer and pilot serving until 2000. Since then, he has largely worked within senior ranks of federal law enforcement, specializing in criminal and regulatory compliance. Mr. Medway has extensive experience in management, moving on from his role as a CEO in the private sector to Enforcement Director of Border Force Australia.
Dony Pulyomodo Head of Indonesian Operations
Dony is based in Manado with ultimate responsibility for the Company’s Indonesian operations. Dony, who joined the company in 2015, spent over 10 years working at senior levels for a European multinational company in Indonesia and has a strong administrative and financial background. He is a qualified accountant and has broad experience in the mining industry. Dony leads an experienced team, including geologists, mining engineers, chemical engineers, and key operators and workers, many of whom were previous employees of Newmont Mining in Indonesia.
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We are paid advertisers, also known as stock touts or stock promoters, who disseminate favorable information (the “Information”) about publicly traded companies (the “Profiled Issuers”).
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We publish the Information on our Website, in newsletters, audio services, live interviews, featured “research” reports, on message boards and in email communications for specific time periods that are agreed upon between us and the Profiled Issuer or third party paying us.
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How is a potential investor impacted if he receives the Information later than other investors?
Typically, the trading volume and price of a Profiled Issuer’s securities increases after the Information is provided to the first group of investors. Therefore, the later an investor receives the Information, the more likely it is that he will suffer increased trading losses if he purchases the securities of a Profiled Issuer.
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Most, if not all, of the Profiled Issuers are penny stocks that are illiquid and whose securities are subject to wide fluctuations in trading price and volume. During the Campaign the trading volume and price of the securities of each Profiled Issuer will likely increase significantly. When the Campaign ends, the volume and price of the Profiled Issuer will likely decrease dramatically. As a result, investors who purchase during the Campaign and hold shares of the Profiled Issuer when the Campaign ends will probably lose most, if not all, of their investment.
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Is the Information complete, accurate, truthful or reliable?
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If we say we make “stock picks,” are those picks our own?
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We will sell the shares we hold while we tell investors to purchase.
Our publication of the Information involves actual and material conflicts of interest including but not limited to the following:
We receive monetary and/or securities compensation in exchange for publishing the (favorable) Information about the Profiled Issuers;
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We may own a Profiled Issuer’s securities that we acquired from the Profiled Issuer, third parties or from our own open market purchases before, during or after the Campaign and we may sell these securities during the Campaign while publishing the (favorable) information that instructs investors to purchase. Our selling of a Profiled Issuer’s securities will likely cause investors to suffer losses;
A short time after we acquire a Profiled Issuer’s securities, we may publish the (favorable) Information about the Profiled Issuer advising others, including you, to purchase; and while doing so, we may sell the Profiled Issuer’s securities we acquired during our public dissemination of the Information causing us to profit while you suffer a loss;
Parties holding a Profiled Issuer’s securities, including those who engage our services and/or compensate us, will sell their shares of the Profiled Issuer while we are publishing the (favorable) Information.
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What do we urge potential investors to do?
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The anti-fraud provisions of federal and state securities laws require us to inform you that we may engage in buying and selling of Profiled Issuer’s securities before, during and after the Campaigns.What are other risks that investors should be aware of?
Any investment in the Profiled Issuers involves a high degree of risk and uncertainty. The securities may be subject to extreme volume and price volatility, especially during the Campaigns. Favorable past performance of a Profiled Issuer does not guarantee future results. If you purchase the securities of the Profiled Issuers, you should be prepared to lose your entire investment. Some of the risks involved in purchasing securities of the Profiled Issuers include, but are not limited to the risks stated below.
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We or other stock promoters may receive free trading shares as compensation or we may acquire such shares in open market transactions before and during the Campaigns, and we may sell the shares we acquire at any time, even during the Campaigns while publishing the Favorable Information. When we sell the shares of the Profiled Issuers that we hold, the price at which investors can sell their shares will dramatically decrease and will likely cause investors to suffer trading losses.
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The securities of the Profiled Issuers are high risk, unstable, unpredictable and illiquid which may make it difficult for investors to sell their securities of the Profiled Issuers.
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If the Information states that a Profiled Issuer’s securities are consistent with the future economic trends or even if your independent research indicates that, you should be aware that economic trends have their own limitations, including: (a) that economic trends or predictions may be speculative; (b) consumers, producers, investors, borrowers, lenders and government may react in unforeseen ways and be affected by behavioral biases that we are unable to predict; (c) human and social factors may outweigh future economic trends that we state may or will occur; (d) clear cut economic predictions have their limitations in that they do not account for the fundamental uncertainty in economic life, as well as ordinary life; (e) economic trends may be disrupted by sudden jumps, disruptions or other factors that are not accounted for in economic trends analysis; in other words, past or present data predicting future economic trends may become irrelevant in light of new circumstances and situations in which uncertainty becomes reality rather than predicted economic outcome; or (f) if the trend predicted involves a single result, it ignores other scenarios that may be crucial to make a decision in the event of unknown contingencies.
The Information is presented only as a brief snapshot of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities. You should consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.govwww.sec.gov, www.otcmarkets.com or other electronic media, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the OTCMarkets.com; (c) obtaining and reviewing publicly available information contained in commonly known search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.org. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and the OTC Markets and/or have negative legends and designations at otcmarkets.com.
What we were paid to advertise the Profiled Issuers.
The details of our compensation and the period of the Campaign is set forth below.
Name of Issuer & Ticker Symbol - Brookmount Explorations Inc. (BMXI)
Amount & Form of Compensation - $300,000 in Restricted Common Stock
Who Paid for the Campaign & Position with Company if any - Brookmount Explorations Inc. (BMXI)
Period of Campaign - 1/5/2022 - 1/5/2023
What securities of the Profiled Issuers do we hold?
The positions we hold of the Profiled Issuer are set forth below. We plan to sell these securities during the Campaign.
Name of Issuer & Ticker Symbol - Brookmount Explorations Inc. (BMXI)
Number of Shares We or our Affiliates Hold - 1,500,000
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