From the EGM reports, it sounds like BRM is discussing mine gate sales with BHP.
This would clearly result in a lower price but remove the need for transportation and direct customers.
Given how much ore BRM has, I would think that BHP would rather mine the stuff themselves so that they can take all the profit rather than have to share it with BRM.
This might tempt BHP to buy-out BRM - a drop in the ocean compared to what they would have to pay for Rio.
It might come down to whether Ross, Wayne etc want to run a successful mining company or just take the money and run (like many of us).
Any thoughts?
BRM Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
