The most important part of being a producer is to make money.
BPM had some major hip cups last year with major shut down times of the mill, with long delays in getting the broken parts replaced and so the main parts that caused the problem were bought in threes. One for the replacement of the broken part, and two back up parts so that they don't lose production time in 2012.
So without talking about pie in the sky (which is the potential future), can they make money now, with the current production of the mine and mill is the question for today. Not that the potential future is not important, we just need profit from production this year. The mine production is doing fine, with lots of ore being produced, and they are working on the bottom of the veins and working up and on the ore and leaving the excess to be taken out when needed.
From the numbers, and current production, I think we are going to all be a bit surprised, that this year they will make good dollars vs the current market cap and share price. Then the sp price will rise, and the discussion and talk about the potential future will be more valued.
One thing that always bothers me about the junior miners is the morality of the value of the investment and that the only way a shareholder makes money is by way of an increase in the share price. If the junior company mined all the ore out in 20 years, and the share price went from .20 to $10 and back to nothing, what value is that to the share holders unless they sell?. The only real winners in the game are the wages paid out to the miners and management. The morality of the issue for shareholders is that in the end some make money by selling, but there will be more losers than gainers. The only way any company is worth a real return is by way of paying dividends out of profits, and that never never happens in the junior mining sector. So maybe the potential future that is talked about is important, because if they could produce 500 ton a day, maybe then they could pay a dividend, before its all mined out, and the original share holders then make real money on a return on investment.
JIMHO