Jope - fortunately Marillana is large enough to be profitable even after the RSPT.
BRM, however WILL be impacted significantly by the RSPT. This is because future profits (after tax) will be substantially reduced and this will result in a lower Net Present Value and lower share price. We can see this in the share price drop of around 30% since the RSPT announcement which, unfortunately, will have forced many ordinary ("mum and dad") invrestors to sell due to margin calls and stop losses (and lose money in the process).
Fortunately, most of the HC faithful believe that BRM was way undervalued before the anoouncement and this is still the case - hence we all hope to see a share price well in excess of the $4.05 maximum that we saw recently.
Also, due to the size of the Marilana project it seems that Sinosteel remains very interested, as you have pointed out.
BRM Price at posting:
$2.70 Sentiment: Hold Disclosure: Held
