G'day boys,
Am long term holder in YML/BRM, Love reading your posts not much of a writer my self. Any way - Had a great conversation with Patersons yesterday, some points
-There waiting on BRM to get back to them with some numbers that they need to put into there model. So updated Research report soon, but out of there hands??
-Said Beneficiation (impurities down to and % Iron ore up to saleable levels)would cost $5 or $6 per ton, Over standard extraction costs.
-Really think 2mtpa trucking op. to start the ball rolling is a good idea, take advantage of high Iron ore prices, less share dilution for 35mtpa 2011.
-Market cap only reflects 56 mill. tones DSO.
-BRM has best resource in ground / market cap at present.
-There were multiple scenarios that could S.P to go ballistic (been covered by you guys).
-Thought $6 for AGO was a bit much.
A bit of side note- isn't if funny that the 1 mill. placed for sale @ $3.30 was exactly 1 year to the day after 1 mill. was placed @0.36. P.S Patersons bought 700,000 of the 1 mill last year.
-One other thing There's no XT in the Conditions Column for most of the bot trading that's going on - so one broker is buying from a different broker/holder(or seller)very smart accumulation going on here, That 1 mill. sell has completely changed the look of the sell side, mite not like it but its working - for then.
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