Hi Redbeard,You are right BRW is now back in a very admirable...

Hi Redbeard,

You are right BRW is now back in a very admirable postition, and only has to sit back and let FMR do all the work to get the copper mine back in prodcution

No costs involved from the BRW part, BRW only has to bank the 30% of profits in their bank account being the royalties payable.

Now with the current high Copper prices this is going to be great money earner for BRW.

Not only that, but we can expect increase in production and cash flows,as everything was set ready to do so, before they closed the mine because of the fall in copper prices at the time.

See the following link:

http://www.asx.com.au/asxpdf/20081204/pdf/31f1b116bkrm1k.pdf

As redbeard mentioned exploration upside is right there as they have a large highly prospective exploration tenenment of around 350 km2.

This company with its Mcap of around $22 Million is due for a big re-rating imho.

Looking at potential royalties of say $15 million we could see a doubling in todays shareprice as this money comes at NOT extra cost to BRW.

The market was played with today and as the wider market has not picked up on this story yet , its a great time to top up imho.

If all goes well we should see some good upside in the next couple of days.

Good luck to all

jojo