Todays announcement that seems to have been washed under the bridge is a MAJOR step foward for BRM.
The resource will now have to be upgraded by a massive amount when adding in the Detrital, i think Abuman's guess of 150 MT is about rite, when this is confirmed we will be rubbing shoulders with MMX, MMX has a market cap of around $1.2 billion and was as much as $1.6 billion, i think that MMX had a jorc of about 100 mt, this just shows how undervalued BRM is, a rerating is long overdue, maybe when we get the resource upgraded the penny will finally drop.
With a minimum of 100 MT tonne resource BRM should be a bare bone mimimun of a $500 m company, SP of around $3.50
BRM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
