new targets

BRM has announced an exploration target of 100mt in west pilbara within 40 kms of the proposal API rail line.

Now to the longer termers out there, does this sound familiar?

The management team at BRM have a record of being measured non rampers when it comes to announcements.

When they say "second hub" I would feel, with a fair level of confidence, that they are quoting these targets within the realms of very conservative. Ore has a very low strip ratio and is of high quality.

I fondly remember the 100mt YML exploration target which is now a 1.6Bt measured resource which is close to having DFS approval.

I like the last part where WR says that "strategic" funds will be allocated to progress this as quickly as possible.

Marillana is the key but the project pipeline (at least the possibles) is starting to fill up.