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  • Brazil Minerals, Inc. (BMIX): Growth In Diamond And Gold Production In Brazil Spurs New Management Appointments 0 comments
    Jan 27, 2014 5:39 PM | about stocks: BMIX

    Brazil Minerals, an acquisition-focused diamond and gold producer whose flagship alluvial diamond/gold project, Duas Barras in the southeast (central Minas Gerais on the Jequitinhonha River), just boosted revenues at the close of 2013 with the start of international sales of polished diamonds, reported some key appointments today as 22-year finance veteran Joseph Ramelli comes aboard as the VP of Finance and Business Development, while seasoned businessmen Christopher Hayes and Richard Burnstein join the company's Board of Advisors.

    Hayes is an Exec. VP at PR/marketing giant Edelman, who does serious face time with senior executives from a wide range of top global companies, as well as with senior government officials. Burnstein is Founder and President of Solomon & Solomon Insurance Brokers, which has thrived since inception in 1982 due to their unique consultative approach focusing on risk analytics, today doing business with such high-profile entities as Lloyd's of London. Burnstein is also a savvy investor with a nose for hard assets and the mineral recovery sector in general.

    Ramelli (Honors in Business Economics, UC Santa Barbara) is the real score here though, having put in more than a decade and a half doing the rigorous due diligence needed to execute successfully on a variety of investments as a consultant for multiple funds, simultaneously leveraging his expertise to also turn a tidy profit for himself in the small-cap growth sector. Currently a Director, as well as Chairman of the Audit Committee over at novel/proprietary RNA interference-based therapeutics discovery platform developer, Marina Biotech, Ramelli has done significant time on the front lines for big investment funds managed by the likes of Barclays Global Investors and the notable private money management firm focused on growth-oriented equity investments, Robert W. Duggan & Associates.

    Chairman and CEO of BMIX, Marc Fogassa, asserted that it was crucial to grab more seasoned expertise like this in order to beef up the management team as BMIX looks at diversifying its operations and revenue streams. Turns out Ramelli actually came to BMIX late last year after having kicked the company up via his own market research, subsequently developing an affinity for the company based on the strong underlying fundamentals. Some warm praise by Ramelli in his own analysis/coverage, as well as recommendations to his network of contacts, happily led to closer contact between him and the company, resulting in the BMIX team's realization that Ramelli's unique skill set could be of immense tactical utility.

    Rough diamond sales out of Duas Barras were up handsomely last year and with the start of polished diamond sales at a solid valuation of $5.4k/carat, plans to ramp at the company's 100%-owned, 24.7k-acre Borba gold project up in northwestern Brazil (Amazonas), as well as at their exceptionally rich iron-vanadium-titanium project in the north (Piaui), BMIX is making a good call here stacking a deeper management bench. The analytical acumen of these recent appointments will be instrumental for ensuring BMIX shareholders get the maximum bang for their buck as the company grows and seeks out new targets. The range of valuable insights these men are able to bring to the table on a vast array of different and crucial aspects that must be mastered for a growing company like BMIX to prosper cannot be accurately quantified.

    Investors can check out the recent interview (Jan 23) with Fogassa by SmallCapVoice.com to get a closer look at the company here, or head over to the Brazil Minerals, Inc. website at Brazil-Minerals.com

    QualityStocks provides investor relations services to publicly traded companies in exchange for compensation. This article may be part of our efforts to widen a client's exposure. To read our full disclaimer, visit http://disclaimer.qualitystocks.net

    Stocks: BMIX
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