not impressed, page-14

I'm keen to know if any of Abalone grades were factored into the 100MT goal? Seems to me as though we are looking at potential 300MT+... why wasn't this mentioned? (even with all the relative disclaimers)

Pattersons based their $1.81 valuation on a max resource of 45MT .. ie they did not assume 100Mt is in the bag. Notwithstanding the clumsy communication BRM must now have the lowest EV/Tonne of any listed Fe junior and would have to be sitting on the primest piece of real-estate in the Pilbara of any junior. Sooner or later the fundamentals will have to outshine the individuals ... at current market cap it shapes up as a tasty takeover target IMO