27c almost gone, page-13

Dear Marsup

You refer to my comparison to BRM and the BRM cash difference:

If you refer to my comparison of earlier today, I took out the cash and compared the notional Enterprise Values attributed to each stock by the market. What I was trying to point out was, that it could be argued that DMA was worth 5 times its Feb 2010 market value, when it announced its 453mt resource in Feb 2010, when comparing to BRM's enterprise value on the day it announced its 347mt resource in Aug 2008.

Surely after tomorrow, with BRM at 30 times DMA's value, it would not be unreasonable for DMA to be valued more proportionately and as a much closer contender to Brockman's position as the Detrital king of the Pilbara.