Mmmm BRM = 450MT of low impurity 61.5% DSO that costs less than $40/t to produce. Im my view BRM is a good fit for FMG as it can blend the ore with their own lower grade DSO.
Currently trading at 80c/tonne. If a rail deal gets it to $5/t it would still be cheap.
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- flannagan rules out a tilt at brm