"BRM appears undervalued compared to some of its peers. BRM is trading at $0.43/t of shippable ore (550Mt) compared to the sector average of $6.29/t"
So apparently we need the SP to go up by a factor of 14 to equate to the sector in-situ average. Hence SP of $42.... sounds familiar ;)
"appears undervalued" would have to be the understatement of the year!