thebarry111,kastin,BRW have three main projects that may produce...

thebarry111,kastin,

BRW have three main projects that may produce a material impact on sp this year, the WA nickel drilling, the Altia jv with BHP and the Eloise production interest. Out of these im more interested on Altia as BHP have decided to go back for another go and they are not looking for peanuts.

The Eloise production share is still on slow burn but i dought Barminco will want to keep this on the books paying C&M costs and now with US$3.5 copper may grease some wheels. Perhaps well off the mark but combining Barminco's interest with BRW interest and their exploration leases around Eloise could result in an workable pitch for an IPO at some stage.

I would be a buyer at the 5-5.5c EV levels if BRW only had the jv with BHP, no nickel and no interest in elosie. Again, if the initial nickel drilling results dont enthuse the market i would take it as another buying op before the Altia drilling starts.