cheapest ev per tonne on the market

AFR carrying a story today based around the bid for UMC and the relative prospect/valuations for its peers.

BRM is the cheapest in the list at 28c per tonne (using 601t which I think is the indicated resource from memory). The takeover of UMC was to their calcs at $2.08/t, which not knowing UMC in the greatest of detail I would assume to be on the same basis (ie indicated).

BRM, the cheapest resource (which Mozart know only too well), focused management, "discussions with BHP on rail", and shear scale of the resource - you would have to think we are due some premium rating by the market at some point (at least to be not the cheapest!!).