Hi FBR,Thanks for your reply , most appreciated.I agree with you...

Hi FBR,

Thanks for your reply , most appreciated.

I agree with you that BRW should have keep the market better informed about the re-opening of the Eloise copper mine althought they always have been saying that higher copper prices would probably mean that the mine would go back in production.

The fact that FMR is not a listed company makes disclosure even harder to control, although I think there have been pleny in the know how to get in at a cheap level.

I hope and expect that BRW will focus more on their cloncurry prospects and let Nickel rest for a while.

Imho we have far more upside right now from Copper and gold, then from the Nickel as more nickel miners are going back into production and prices may stagnate from here.

Copper and Gold are now where the money is and BRW has pleny of unlocked value sitting on their cloncurry tenements

FMR is recruting mining staff right now and you will see plenty of jobs advertised.

Read the following:

About the Job
Underground Diesel Fitters
FMR Investments Pty Ltd

FMR Investments Pty Ltd owns and operates the Eloise Copper Mine located 70km south east of Cloncurry in North West Queensland. Eloise was placed on care-and-maintenance during the global financial crisis and the operation is now scheduled to re-commence mining operations in November 2010. Eloise is an underground mining operation processing 720,000 tonnes of ore producing a copper concentrate.
General Vacancies

end.

There are plenty of jobs advertised and since they want to re-open next month they certainly mean bussiness.

I hope that BRW will make a deal with FMR regarding the tenement around the mine to add to the excisting resource.

BRW is in the drivers seat and should be able to pull off a good deal.

But first we have to get this mine in production and make the most from the high copper prices.


The JV with BHP also sound interesting but those are deep holes and they really have to find something worth wile to make it commercial.

But BHP must believe there is potential otherwise they would not be drilling , so plenty to look forward to.

With Copper and gold prices strong and the future outlook looking excellent for now, we should expect a fair re-rating and maybe doubling of the Mcap given time.

If Eloise lives up to expectations alone we have a tremendous upside , if exploration around the existing mine becomes a priority and a good deal gets done we are even better looking.

The BHPjv gives us good drilling results and we are up and running.

And ofcourse we have our Nickel and gold prospects and
its time that BRW hits some real good targets as that has been overdue.

good luck and thanks for the info

jojo