benefits of bhp/rio merger fro brm, page-10

Hi Ant

Good point re the 40 year mine life as it allows BRM to depreciate the plant and equipment over a much longer term than many other Fe plays. In my mind at least, the cost to produce a marketable product is the critical factor; but a 40 year mine life definitely acts in BRM's favour.

With an EV of just $85M, it is still only valued on its DSO resource .. if the detritals can be proven, then it will have been worth the wait :) Not long to go now.