150k per week, page-5

Mozart, 8% was the peak of the interest rate.

So to say that they got the whole $100M with 8% is optimistic.

As Bones pointed out that the AGM presentation stated "Funds held in term deposits, with varying maturity dates, earning daily interest".

Therefore they have split the money into different term deposits.

Now if the term deposit is only 3 months or 6 months then they will soon only get 5% to 6%(the current average interest rate) for the rest.

BTW, BRM has admin costs (non exploration costs) of around $2.4 million per annum.

Anyways, BRM is not a bank and so earning interest is not going to excite shareholders.

They need the key issues (offtake/JV & infrastructure) resolved to turn the shares around.

W.A should become a communist state and take all the BHP/RIO/FMG railways and declare it open for all :)