Arrowhead Business and Investment decisions released their valuation of BRM 3 days ago on the 11th Feb 2010.
Fair share value bracket: AUS$5.04 to AUS$25.21
http://www.brockman.com.au/documents/BROCKMANRESOURCES-ABIDreport-11Feb10.pdf
If my link doesnt work, go to the Investor relations section of the Brockman Resources website and look in broker reports!
A very interesting read. Why would anyone choose to sell now. The project risks are slowly diminishing, IO at record levels of demand, prices significantly increasing, the Chinese wanting to quash the big 3s monopoly of the IO market. So much ST and LT upside for this stock.
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