if you have a read of the Arrowhead broker report currently on the website, it estimates "The Fair Market Value for one of Brockman Resources’ publicly traded shares stands at AUS $4.85 to AUS $22.69".
The large variable range is obviously due to the many unknowns with haulage issues, but even based on the worst case scenario of building our own rail line ( in joint venture)and delaying the production by a year, the SP is still currently below the bottom end of that valuation.
Acknowledge that broker estimates are not an exact science, but even with a 25% error to the downside applied there is still a great deal of potential growth in the SP to come.
This is a buy and hold for me.
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