pilbara iron ore developers patersons, page-22

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