57%Fe ore with 4% Alumina sells at a 30% discount to 62% ore with 1.5% Alumina.
BRM has only 55Mt of the former.
The other 900Mt has not had the impurities revealed. Why not? If it is a saleable product - and they're still working on that issue, what discount will it need to be sold at?
BRM is one of my Top 5 junior stocks, and I own some currently. The $100million in the bank can't be ignored.
Joel -------------------------- Iron ore juniors: umc, plv, ago, brm, grr
BRM Price at posting:
$1.01 Sentiment: LT Buy Disclosure: Held
