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As the world’s consumers get richer they want to show everyone…and that means diamonds. Brazilian alluvial sourced diamonds have historically been large enough for jewelry…and BMIX intends to monetize its diamond reserves via...
Initiating Coverage Brazil Minerals (BMIX)
The vision of Brazil Minerals is to become a premier diversified mining company focused on Brazil. The team is their main strength. In the team, they combine over 100 years of collective deep and local Brazilian mining experience, centered on personal relationships, cultivated face to face even in today’s world, and add to it the expertise from their team members who come from the fast-paced worlds of global private equity, venture capital, and investment banking. They mix the transparency of the U.S. capital markets with the strong respect for property rights afforded by Brazil. The business model of Brazil Minerals in the medium term is to control a certain number of attractive, profitable or near-term profitable operating mines, while partnering on other projects. They use capital judiciously in part given the founder’s past experience as a venture capitalist. They like to diversify their risk across minerals. They intend to maintain a small operation, outsourcing as much as possible, so as to become profitable as soon as possible, and to eventually start paying dividends to their shareholders. Currently they are already a small producer of alluvial diamonds through the percentage ownership of production of Duas Barras, the largest alluvial diamond and gold processing plant in Latin America. They are also the owner of the mining rights to the Borba Project, a large area where gold has been found but no geology has been done to date. Both of these properties are in Brazil; Duas Barras is at the margins of the Jequitinhonha River in the State of Minas Gerais, and the Borba Project is in the Amazon region in the state of Amazonas. Further details can be found in the Properties section of this site. |
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