BRM
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0.00% $2.53 brockman resources limited

am i missing something?? please help ...

  1. stagman
    1,394 Posts.
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    09/06/09
    16:38
    Post #: 5257801
    Looking to buy into BRM/AGO/BCI on the strength of the interest in Pilbara junior iron ore explorers as a result of the BHP/RIO 50:50 JV deal.

    Seems like BRM leads the junior explorers in both resource quantity and quality and its main tenement is in close proximity to existing rail infrastructure.

    The company has $100M cash on hand, is that correct??

    If so, why is the market valuing the company's significant Pilbara iron ore resources et al for mere peanuts??

    There's a catch, right??

    Something seems wrong here, please enlighten me.


    Thanks
    Stagman
    BRM Price at posting: $1.19 Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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