BRM brockman resources limited

Thanks Westcott.Find8 - Told you. Westcott goes straight to the...

  1. 399 Posts.
    Thanks Westcott.

    Find8 - Told you. Westcott goes straight to the source. No mucking about. The older posts that I refer you to address your contaminant concern. Market uncertainty appears to stem from a need for the company to formally verify upgradability to acceptable contaminant levels.

    I would point out that the weight recovery is also only 47% on the 1062MT of beneficiation material. The recovery is also likely to be upgraded. If the weight recovery moves to 52% then thats another 53MT. Doesnt sound like much when your dealing with 499MT, but I'm sure you can work out the monetary implications. Its at least another two years production.

    Formal verification is going to provide significant upside reward. The nice thing is that the downside risk is limited given the market is not even valuing the 56MT of DSO fully. Even if I'm wrong, I will happily accept a potential 20% drop in my holding's value given that the upside reward is far more than 100%.
 
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