Hi guys,I have jus dig into some old ASX announcements before...

Hi guys,

I have jus dig into some old ASX announcements before the Eloise copper mine closed.

One of the last announcements was that the mine of live at the time was about 4 to 5 years.

And that with a copper price around the $8000/t Royalty earnings would be around the $80 million over the life of the mine.

Now keeping in mind that the likes of Goldman are predicting a copper price around the $10 or $11000/t we could be looking forward or royalties coming towards BRE of more then $100 million of the next 5 years or so!!!

And imho it would NOT be very hard to extend these resources and to extend the life of mine even more, either from drilling the resource even deeper or following up the old drill results mentioned today.

Keeping in mind that we have a Mcap of around the $19 Million its a NO BRAINER imho that we should be able to easy double or triple the current Mcap, on the re-opening of the Eloise copper mine alone.

So forget about the past but focus on today and the future and from an investment point , I think that BRW is a very good investment.

Read the following announcement very carefully you may then realise that this coppermine is like a little gold mine for BRW.

On the second page you will find the copper price and possible earnining scenarios.

good luck

jojo

http://www.asx.com.au/asxpdf/20080909/pdf/31c6f7gjzb1mpj.pdf