There is enough IO in the BRM tenement to produce 550Mt at 59% Fe. The price of IO just went up 65% and China/Japan can't get enough of the stuff.
Even BRM's poor grade IO is worth billions - so why can't a) BRM dig it up themselves, b) sell to to BHP/RIO/whatever or c) sell it to the Chinese/Japanese/whatever?
Any one of these scenarios is worth $5, $7, $10 a share.
You want to buy some more BRM, fine, just don't try to feed us a crock to do it.
BRM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
