By all accounts the only rail BRM seem intent on constructing is the loop onto BHP's line. It would appear that talks are fairly well advanced. Interesting comments about BHP's "terms of access" for their rail-line. Wonder what the term sheet looks like for BRM?
This RIO/Chinalco deal could have as many postives as negatives for BRM. Might make a Japanese or Korean partner a little more enthusiastic given the likely Chinese concessions for RIO's ore.
BRM Price at posting:
$1.06 Sentiment: Buy Disclosure: Held
