why buy up at this rate of knots, page-3

Might even be UBS taking a proprietary position as a forerunner to any deals they hope to make.....there are numerous possibilities...however we are still very cheap. We got well over $1 even when our resource target was 100mt (DS0), and we were still cheap then on a peer comparison basis.

Down the track rail access will be the real make or break for BRM - someone tough has to get in & deal with Twiggy. I heard he played some hard ball with BRM over port access that precluded any deal being made. With Wayne Swan now onside with 3rd party accesss Twiggy has less room to move - a tough nut needs to get in there & tell him he can't have it both ways on rail access.