BRM is going to be fine - things are going to fall into place very nicely over the next 12 months. This market correction has shaken everyone, & not just BRM holders.
Two recent events of consquence underpin this prognosis.
1. BRM recent restatement of its commitment to Marillana an the project plan
2. Yesterday's third party access decision. the prospect raised by BHP of transporting third pary ore on its trains is quite enticing - I had not thought of that as a possibility. There are numerous issues to address re: compliance with contracts to meet customer dealdines; rolling stock - jsut to name two. In addition, access to FMG rail is a great fallback - let's hope we can bed down an "in prinicple" arrangement soon.
The issue of beneficiation needs to be adequately addressed to the market - WR has stressed througout that this can be handled cost effectively. Let's hope further sampling work confirms this.
Subject to the last point, I have confidence going forward - we have solid managment that has showed it has backbone; we have cash; a mega resource; Rail acccess is highly liekly now; Port berths will be made available for us to construc.
We are an emerging producer who will hit production jsut at the right time, as I/O markets recover - I simply reject out of hand some of the lame analysis of the las few weeks by broking houses.
Who thinks the BRM share price will be lower than now in 12 months?? Any takers?
money in the bank, page-9
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