future fms

Brockman resources has more than $112.5 million in cash but a market cap of $245.7 million.
In other words,jittery investors are placing a value of around $133 million on Brockman's Marillana iron ore project,which contains over 1 billion tonnes of hematite and should be capable of delivering a 2mta by the end of 2009.
Based on numbers from Portman mining,which said it could produce a $47 a tonne profit,at their operation (extremly conservative,I don't no whether they have factored in the price increase,how could they really when Fe is up 85%).Brockman could delievr profits of $100 million on an annualised basis,based on 2 million tonne per annum operation.
High SP $3.00 current $1.20 Friday.
The challenge for iron ore juniors is not to be able to prove a resource but finding a transport route to China.They have their eye on FMG's shared access rail.

2 MTA = 40,000 tonne a week,6000 tonne a day.
Trains carry 110 tonne a car and have 230 cars =25300 tonne a train.
Small Fry in the Pilbara.

Just so you can get your head around what FMS have to do.Alot hinges on shared access on the rail network were miners will be charged a cartage fee.

Having a railway at your doorstep is going to be FMS's biggest drawcard.
Rock on FMG and we look forward to there upcoming annoucement regarding developement of Solomon/Serenity.
Friday the 18th July according to my research.