Mozart$10 = about $500 million market cap, maybe $450m, im not...

Mozart

$10 = about $500 million market cap, maybe $450m, im not sure what the full dilution is with options, somewhere between 90 and 100 million shares in total, lets just work on 100 million fully diluted.

With the detrital ore which eqautes to 550 million tonnes of product we are stil at less than $1 per tonne ingroud value.

We i fist bought BRM on the premis of 30 million tonnes of FE with a market cap of around $50 million i thought it was a steal, the funny thing is that BRM is valued less on an inground value at $3 now with the upgraded JORC than it was at 50c with the 30 million tonnes.

BRM simply remains grossly undervalued and a rerating of SP somewhere between $3 and $10 will happen soon enough, i think that we should be $10 now without a sweat.

it will happen.

GS