I'm starting to think that pursuing an iron ore dream, even in four years, might prove difficult given the magnitude of the sector sell-off. Why inject cash into BRM, when you can buy producing operations with infrastrucutre(eg FMG, MGX, AGO) for 90%+ discounts?
BRM is well positioned with the cash, but sentiment for the sector has gone and the market has pronounced it dead.
bargains for chinese investors, page-8
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