As AGO continues its stellar run (just touched $4.37 this morning!) .. probably the best we have seen this year, its worth contemplating the potential of BRM in comparison. I'm not trying to down ramp AGO, and send a hearty congratulations to the obviously very happy shareholders. It's not quite apples and apples, but worth a peek.
Notwithstanding the further advancement of AGO to BRM, or the great proximity of Pardoo, here's why I like BRM over AGO
AGO has a "target" and I stress "target" of identifying 160MT across all tenements of DSO by 2010
BRM has a JORC of 599MT DSO equivalent likely to grow to 650MT this year in just one tenement. Who knows what lies in Duck Creek (Supergene iron ore) and the others?
AGO has a best case production scenario of 16MTPA in 2012
With the detritals BRM could be producing 30MTPA by 2012
AGO has a market cap now of more than $1 billion
BRM is sitting at $250M
DYOR
BTW .. Footloose.. still waiting to see that giant $4 bid. Today would be nice :)
BRM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
