when is the pfs due?, page-11

I like people with a bit of fire in their belly yarramundi, I also like your post.

Youve made some excellent points all of which are reasons for me remaining heavily invested in BRM.

In terms of WR however there are simply many more reasons to doubt his judgement than trust. I for one put the capital raising down to good luck as opposed to good management. WR predicted early last year there would be no drop in IO prices in the forseeable future. I dont think he would have predicted a GFC!! Stage 1 simply didnt go ahead because they couldnt get a rail agreement. If you read the company announcements it states that clearly. Yes, the GFC played its part but the company had no option regardless, end of story.

These are my opinions only. You and others may disagree with me but I can only judge history by past events including broken deadlines, stage 1, rail haulage.

The fact remains BRM still has the potential to knock investors socks off. The management team has been strengthened this year. EV of around $60-$70m is dirt cheap if we can prove product viability, $100m in cash, Enforced third party rail agreements highly probable, huge resource in one location. many other tenements including prospective IO and proven nickel, Chinese IO imports still at record highs, NWIOA port reservation.

So many things bode well for BRM if beneficiation costings and results are good. This has always been a long term play (except at certain times for day traders) and now is no different.