BRM WNI

Ann: Bidder's Statement despatched to Brockma, page-7

  1. HC44
    955 Posts.
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    28/12/11
    19:44
    Post #: 9490503
    re: Ann: Bidder's Statement despatched to... Is this right?

    If I bought all BRM shares at current price it would cost me $317m and I would get 100 % of the iron ore resource.

    If I bought all WNI shares at current price it would cost me $375m and I would get (?) 50-60 % of the iron ore resource.

    So discounting the enormous value in the WNI taxi operation their price really should be about half what it is now, using BRM as the gauge?

    BRM Price at posting: $2.18 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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