Botanical Research in Motn Labs Intl Inc (OTCMKTS:BMXI) – or is it “Brookmount Explorations Inc.”? — is a penny stock in the energy space on the tech/innovation side that has started to really pop. Our sense is that there may be more to this movement than just pure unfettered market forces (ie, it looks like there are some investor awareness elements at play here as well). That said, the stock is on the move and has some legitimate recent catalysts, so we wanted to give it a fair shake.
In all, we’ve witnessed approaching 610% tacked on to share pricing for the listing in the past month, but this action is running counter to the larger trend in the name. Market participants may want to pay attention to this stock. BMXI has a history of dramatic rallies. In addition, the stock has seen interest climb, with an increase in recent trading volume of above 400% beyond what we have been seeing over the larger time frame.
Botanical Research in Motn Labs Intl Inc (OTCMKTS:BMXI), as noted above, seems to have some name recognition issues, given that Google Finance says the company used to be called “Brookmount Explorations Inc.” but is now called Botanical Research in Motn Labs Intl Inc. And yet, just this week, the company put out a press release under the name Brookmount Explorations Inc. So, please excuse our confusion on the subject.
In any case, the company bills itself as an exploration stage company, explores and develops mineral properties. The company explores for precious metals comprising gold, silver, and platinum. It holds a 100% interest in the Mercedes 100 Mining Concession, which consists of 7 mineral claims covering an area of 3,111 hectares located in Peru.
The company was founded in 1999 and is based in Ferndale, Washington.
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The main thing we know here is that the stock popped, there seems to be some investor awareness associated with the move, and the company just announced it has entered into negotiations for a definitive licensing agreement for the exclusive use and sale of “DilBoost” (Diluent Boost) a proprietary diluent formulation blend that is meant to reduce bitumen viscosity and increase API gravity.
According to the release, BMXI is currently negotiating for the above ground application rights for DilBoost in the United States. Brookmount is also negotiating for the first right of refusal for the rights to the in-ground application for the United States as well as both above and in-ground applications for Canada.
Management notes that “According to the U.S. Geological Survey Energy Program, there are more than 36 billion barrels of measured natural bitumen (heavy oil, or tar sands) in the U.S. Moreover, Canada is home to the third-largest proven oil reserve in the world, estimated at 171.0 billion barrels; most of it is in thick, oil sands. More broadly, heavy oil, extra heavy oil, and bitumen make up approximately 70% of the world’s total resources of 9 to 13 trillion barrels.”
As we understand it, DilBoost is “a proprietary blend of light hydrocarbons that is licensed globally by RHOR Barbados Inc., an oil services company.”
DilBoost is purportedly a “cold process”. It is meant to be added to heavy crude and extra heavy oil, prior to refining, and enables oil producers to reach pipeline specifications at a lower cost.
The big point is this: DilBoost is supposedly a more efficient and cost effective product than other diluents and drag reducing agents being used today.
The press release goes on to note that “Based on extensive field test results, the DilBoost technology substantially reduces current diluent costs by up to 53%. Purchasing and transporting diluent is one the heavy oil industry’s largest day-to-day operational expenses. In the U.S. production costs account for 24.5% of a barrel of oil and in Canada it is 43.4%.”
At this time, carrying a capital value in the market of $6.29M, Botanical Research in Motn Labs Intl Inc (OTCMKTS:BMXI) has virtually no cash on the books, which is balanced by about $1.5M in total current liabilities. The company is pre-revenue at this point. You can bet we will update this one again as new information comes into view. For continuing coverage on shares of $BMXI stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: we hold no position in $BMXI, either long or short, and we have not been compensated for this article.