free fall?, page-13

Hi Bullsrule,

I don't think Henry tax review will make an ounce of difference to BRM purely for the fact that:

1. we need a price of like $60/tonne to be profitable (please, someone correct me if this is wrong) where BHP is getting $120+/tonne for similar % Fe.

2. most of our "reserves" are considered free dig "overburden" - the market hasn't even factored 1c into the share price for what is quite frankly, more profitable the the DSO that we hold. It may take many years to get to the DSO that the market currently values BRM on. In the meantime we'll make billions of dollars on the "crap" that is being dug up.

We're laughing at how profitable Marillana is. BRM just needs to finalise the DFS + sort out a rail agreement and we're looking at a multibagger, even at the current share price.