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 www.Brazil-Minerals.com.
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