neighbour umc up big...., page-12

Don't disagree with JB and I think the market has definitely proven your point. Will be interesting to see what the reaction would be if BRM proves that its post beneficiated detrital IS saleable AND cheap to produce.. two big, apparent unknowns at this stage .. then it could be re-rated.. as 1 billion tonnes all in the same spot is a lot of potential to be unlocked .. still at this point the market is giving BRM a next to nothing chance of ever selling a gram of detrital .. or any CID for that matter.

I'm thinking even if rail were to come off for BRM, until they have a buyer lined up for all that Detrital it will continue to be valued at less than dirt :( Pity they don't have a billion tonnes of UMC's ore LOL.

BTW, LOI needs to be taken into account when applying Fe % discounts, and in BRM's favour the calcined numbers look good. The Duck Creek stuff in particular looks very good post-sintering.