Hi Uio - every stock needs a good devil's advocate and I for one encourage the questioning.. it is no different to any questioning a potential BRM investor should ask themselves, and we need investors to drive the share price up :)
I don't think the quality of ore has anything to do with the prospectivity of getting rail access. It is the price you are willing to pay. If you pay the price I'm sure FMG would let you haul a tonne of dirt on their rail line if you wanted to. It is this price that ultimately dictates your profitability, not your access. BRM need a buyer first. Once that happens they know what they are prepared to pay for rail access and still remain profitable. I'm certain they aren't too far away; and if I were a buyer I'd be looking for a consistent secure long-term supply (not necessarily the highest grade ore - Indian suppliers have proved this). I think BRM has the potential to fullfil the criteria don't you?
BRM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
