UMC united minerals corporation nl

pilbara iron ore developers patersons, page-22

  1. 1,739 Posts.
    Mozart shows how little he knows:

    >>BRM has the closest proximity to any existing infrastructure of any Fe junior.

    Not so.

    >>I'm also certain that he'd love to have a BHP railwayline just 4km from his best hits

    Would 2 RIO lines at a 3km distance be ok then?
    BHP is close too.
    How about a road - has BRM got a highway? Thought not.
    Why would you want a road? To get your ore to market while you a sorting out rail access. But of course BRM has a rail access agreement - right?

    >>and have a pre-fes under the belt.
    UMC Scoping study was done months ago - just not released to ASX.

    >>but I'm sure he'd love to have $100M in cash
    No - UMC don't need the cash yet. Why raise it at low prices? Plenty of offers out there. When UMC do a capital raising it won't be with the same dilution factor as BRM had.


    Now over to BRM....
    ===>
    How's the Alumina? Answer: Nobody knows.
    Why is that question important? Answer: Not many BRM
    shareholders could tell you.

    Mozart says:
    "BRM's prospects of generating greater mine life and revenue lie in its capacity to beneficiate economically with a sound end product. If they can do this (and we wait to see)"

    IF... economically ... wait and see.
    Nicely summed up. In other words - you don't know when BRM will figure out how to mine their resource economically.


    "then there is a chance that their long term revenue, mine life and ultimately MC will be greater than UMC."

    chance would be a fine thing.

    Good luck BRM holders.
    What's microplaty hematite? Maybe your friend Wayne could tell you.


    Joel
 
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