No denying that rail is the big problem here. But! I would think much like FMG you will not keep BRM down for long. rail will come or rail will be built..... ok so let's go with $200 million to put rail down amortize the cost out over 40 years and that numbers not o bad really. add the fact that Western Austalain Government would need to help out here and it would also give BRM a massive lift as part of the NWIOA.
but I understand that with building rail comes problems around getting government approvals and land and native titles sorted. but who build the railway-lines that most of the great countries have prospered from!!! the Chines! now perhaps not with their own hand this time but I think they may have a hand in this one. Can you see it now! 120 Km of rail made from BRM Iron Ore put down by the chines and paid for with 40 years of discount IO. Mmmmm my bank account is now groaning with the weight of money! haha
BRM Price at posting:
$3.76 Sentiment: ST Buy Disclosure: Held
