contaminants , page-39

What do FMS holders think they key differential between the ore that FMS is starting to prove up is over the ore that BRM has JORC'd? BRM has a JORC of 1.6 billion tonnes of haematite ranging from 44% through to 62% which beneficiates to 59%+. The enterprise value of BRM is only $20M which includes some large Nickel assets and 13 other pilbara tenements. Hence on a like for like basis BRM would have a share price of about 2c within the FMS capital structure (pls feel free to correct me if wrong).

The market is clearly valuing FMS significantly higher (exponentially) and I just wondered what expectations the market is putting for FMS (even at this relatively early stage of its devwelopment) that clearly differentiates it from BRM