time to earn your keep guys, page-6

stepden, what were the reasons for the 10c price target, please?

With a "mere" $28m required for capex, it is stunning that BRL have tossed in the towel on their main assets- for now, at least. In their last presentation, the company had a $220m market cap, now only $66m @ 8c. For less than $100m, BRL can be bought and be a working mine. It is the bottom of the cycle, so it may be operating at a loss, but opportunists like JMS/Pallinghurst, who were thought to be looking at BRL years ago, could be taking a look now?

Takeover target?