Mozart56,
With no offense... unfortunately the market does not believe in ore that needs beneficiary and has problems with transport.
Take a look on MXR (which I am a holder of) with a target of 3-5 billion tonne of low grade trading in a market cap of $16 million.
FMS is most likely to tick these two issues with an ore grade of 55-56%Fe and is close to the FMG rail.
At the moment there is no sense and no semtiment in the market. When this will turn (I believe soon IMO) the both companies (MXR and BRM) will benefit.
Don't want to argure on which company is better; I wish for both companies only good.
At the end of the day, the market is always right!!!
contaminants , page-64
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