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47.5¢ breaker resources nl

thanks for sharing your thoughts. I was not alluding at RMS to...

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ANTON707

2,804 Posts.

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07/01/22

13:32

Post #: 58706190
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Originally posted by triage: ↑

ANTON

Who understands the logic of Ramelius paying top dollar for Apollo and Lake Rebecca which offers no mill, and only a reasonable amount of relatively low grade ore. Maybe it is a brilliant example of lateral thinking in that Ramelius had repeatedly stated they wanted to buy an asset with a processing plant already up and running, and producing at least 100k oz with at least 5 years known life of mine with metrics at least as good as their Mt Magnet hub. That Apollo fails on every metric the company set itself must be why it was such a dazzling move.

Given that Ramelius has done pretty much every thing they said they would not do, they may well go after some more relatively low grade ore from Lake Coe. But in the old days, before Bob Vassie took over as Ramelius's chairman, the successful model for Ramelius was to buy an operating mill being fed with lower grade ore as a base and then go out and buy smaller, stranded but much higher grade deposits. Under the old successful model I don't think Ramelius would be interested in Breaker... but let's see.

PS I think maybe a lot of people are not giving sufficient weight to the potential benefits of Breaker's Manna deal with Global Lithium. I was listening to a podcast from a couple of lithium enthusiasts yesterday in which they said that there is developing a severe shortage of hard rock lithium to feed the Chinese processors. Maybe in the longer term demand and supply might balance out but in the nearer term things might get quite desperate. Given Breaker's decision to stay a gold company, their 20% retention in Manna and their 10m shares in GL1 could multiple bag this calendar year and cover much of the costs of developing Lake Coe.

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thanks for sharing your thoughts. I was not alluding at RMS to be interested in buying BRB but pointing to the fact that if they are going to develop infrastructure then BRB will directly or indirectly benefit from it. The natural buyer for BRB is GOR after loosing the bidding war with RMS. This is pure speculation based on the fact that Tom & Pete are not putting the asset for sale…but you never know if the right offer comes in the table .

BRB Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
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