If you include the raising capital the MC has fallen some $189M since mid May (47%) .. in that time we have also had a 125MT resource upgrade, significant positive political sway on rail access and banked a $112.5M raising.
Looks like the market believes that BRM ore will remain in the ground for a very, very, long time .. maybe another 100 million years. I can only base my judgements on the facts that I know... and since 14th May the facts have only improved.
A 47% fall in the absence of anything fundemental is a big shift in sentiment.. it now needs to give the market something to warrant an 87.5% gain .. just to get back to where it was a short few weeks ago.
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