australian article, page-8

Thanks for your thoughts chelkn, many BRM holders have already had the luck you wish them. With the SP hitting 40c during the GFC (21.11.08) some holders have enjoyed what you may describe as luck. The SP then was below cash backing level of around 75c so others could quite rightly argue a sound investment decision. Ballsy at the time is another possible description!

Anyway, a reasoned post is not impolite. Your love affair with BCI however may not allow you to appreciate the potential value of other stocks?

Trucking hasnt been an option as far as BRM has been concerned since the phase 1 development of Marillana was cancelled due to the GFC. The current DFS due for completion in Q3 this year is only considering 4 rail options! No trucking. Rail options include BHP which if you regularly read the BRM thread is considered highly unlikely but the most financially robust for BRM. 2 other options were TPI (FMG) or a stand alone rail.

You said "The chances of BRM entering a MoU with FMG would be seen as very remote at present." WHY!!! Thats complete rubbish. FMG are responsible for the current legal action against BHP and RIO for rail access and you say they wont share their rail?? Even your beloved BCI struck a haulage deal with FMG losing a 50% project stake in the process. At worst BRM could strike the same deal imo. BRM management simply want a better deal. This may or may not eventuate but to say a MOU is very remote is completely false and even more surprising coming from a BCI shareholder.

Theres no doubt some investors are getting a little to excited about BRMs prospects after the recent SP run. But some excitment is certainly warranted considering the potential scale and the proven quality of the beneficiated material at Marillana. Since the lows of the GFC Wayne Richards has ticked every box required except rail and off-take. Most holders know rail is now the real key for the project to move forward. Im confident management will confirm one of the rail haulage options later this year. The real issue will be at what cost?