BRM brockman resources limited

Ann: Brockman Retracts Statement Attributed to Br, page-8

  1. 2,186 Posts.
    re: Ann: Brockman Retracts Statement Attribut... "Analysts estimate a new rail line would require about 80 million tonnes a year of off-take agreements to make the project economical. In the past this has been assumed to mean that Hancock, which has until now had its heart set on building its own rail line, would need to be involved, given its $9.5 billion Roy Hill mine will produce 55 million tonnes of iron ore annually.

    But Mr Norgard said Brockman’s exploration opportunities could see it produce up to 40 million tonnes of ore, up from 15 to 25 million a year targeted at Marillana, potentially underpinning a line with Atlas."


    Now clearly the 80 million tonne estimate was put to Norgard and he responded with knowledge he has of an a future potential increase in production that would be able to make this type of rail line feasible. They are clearly talking about this in house.

    This is no joke people.

    We must contact ASIC with this. Write a rational letter joining the dots here, with what has been said and why. This wasn't an off the cuff remark, he was clearly responding to the feasibility of a line and how an increase in Brockman production numbers would make it feasible.
 
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