A real possibility of $4 tommorro and i will go out on a limb and say $5 isnt out of the question, a market cap of $450 million will be justified for the tonnage, the SP dosnt matter 1 bit, its the market cap that is whats at stake here, something that most dont consider when buying, FDL is a classic case of investors not knowing what a market cap is, FDL was valued more than BRM just a week ago and this was just on rock chip samples, people thought 15c was cheap but infact was more than BRM before today.
So call me crazy for calling a $5 but BRM can support the $5 price tag based on a MC value of about $460 million and an inground value of less than $2 per tonne, IO peers are trading at an average of $8.16 per tonne, so BRM i beleive has alot further to go from here,
Also WR is in the east for the rest of the week doing promotions, i will expect a another monster day tommorro.
I will call for $4 with no sweat.
Cheers
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