"Brockman is in advanced negotiations with Fortescue Metals Group Ltd regarding a potential agreement for infrastructure access for the development of the Marillana Project. A term sheet reflecting the key principles for a binding heads of agreement is currently being negotiated. If the negotiations with Fortescue ultimately result in a binding agreement, the implementation of that transaction will provide a comprehensive infrastructure solution for Brockman involving agreements relating to rail haulage, port access and marketing."
BRM Price at posting:
$4.90 Sentiment: Buy Disclosure: Held
