There is no doubt that the share price was trending down to the 15 cent range and only started rising when Barry Fitzgerald reminded the market that brb had a large lithium deposit
however aop received a takeover and it has a smaller jorc , more cash in the bank and a similar grade gold deposit. Aop made it into the high $0.60 and this is really where brb should be based on the higher gold JORC (expected to increase this qtr)
brb will likely try and ipo the lithium as it will be expensive to drill out both deposits. Personally I believe the share price would rise quicker based on lithium drilling based on cxo ltr avz hefty valuations but the board of directors see the value in the gold deposit.
BRB Price at posting:
34.5¢ Sentiment: None Disclosure: Held
