MOZART 56 The market does not believe in the brm story at the...

MOZART 56
The market does not believe in the brm story at the moment because of a 2 issues that you forgot to mention:

1) Most of brm ore is low grade 1.523 bton of 43%Fe
Fms most likely has 500-700 mtonne of 56%

2)transport issue -brm’s closest rail access is bhp which at the moment will not agree to share any rail line with brm or do any off take deal; although the director of brm tried to engage them 3 or 4 times. Until this issue will be sort out the market not give it much of a chance (from Melbourne meeting with share holder on 13/9).

Fms have a close relationship with Rio& Fmg (JV commodity swap agreement with the last)

3) I am not trying to down ramp brm I think it’s a good company with a future. At the moment this is why the market values it with no chance to produce any time soon.
Good luck with your holding and I wish for you and brm holders all the best not like all the pest downramper who we know might enter the brm share registry very soon.

p.s when you want to speak about brm use the right forum code (brm). Don’t put all your frustration with your company on others and mislead them (in life you always get back what you give).

Brm resource 21 Aug 2008


Deposit Material Type Category Tonnes


North-West Sector Detrital Indicated 242 (Mt) Grade 43.1 (% Fe)
North-West Sector CID Indicated 58 (Mt) Grade 47.0 (% Fe)
Subtotal Indicated 300 (Mt) Grade 43.8 (% Fe)
Rockhole Bore Detrital Inferred 380 (Mt) Grade 43.7 (% Fe)
Rockhole Bore CID Inferred 49 (Mt) Grade 45.5 (% Fe)
Abalone Detrital Inferred 427 43.6 (% Fe)
Abalone CID Inferred 63 (Mt) Grade 47.2 (% Fe)
Abalone East CID Inferred 304 (Mt) Grade 42.4 (% Fe)
Subtotal Inferred 1223 (Mt) Grade 43.6 (% Fe)
Total - Beneficiation Feed 1523 (Mt) Grade 43.6 (% Fe)