BRM
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0.00% $2.53 brockman resources limited

neighbour umc up big...., page-11

  1. joelbaby
    1,739 Posts.
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    25/09/08
    18:15
    Post #: 4312843
    Mozart,

    Its about Quality not Quantity.

    57%Fe ore with 4% Alumina sells at a 30% discount to 62% ore with 1.5% Alumina.

    BRM has only 55Mt of the former.

    The other 900Mt has not had the impurities revealed. Why not? If it is a saleable product - and they're still working on that issue, what discount will it need to be sold at?

    BRM is one of my Top 5 junior stocks, and I own some currently. The $100million in the bank can't be ignored.


    Joel
    --------------------------
    Iron ore juniors: umc, plv, ago, brm, grr
    BRM Price at posting: $1.01 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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