"If he can get $90/t for that extra resource, he just increased the inground value by $2.7B... market just yawns."
For the extra resource of 300mt at todays contract pricing he actually increased the inground value by a staggering $27B!!!
The BRM story continues to unfold very positively. We all know it comes down to rail,rail,rail. With the size of resource Marillana imo would still be profitable at historic io prices let alone todays prices. Quantity of resource is often the key for mining any commodity. BRM definatey has this. The recommendation and final say of Wayne Swan regarding third party rail access is what WR and I are waiting on. A negative result wont break the company but a positive one would undoubtedly make it.
BRM Price at posting:
0.0¢ Sentiment: None Disclosure: Held
