sam byrne from patts, page-8

hi ant

Im sure the recent 85% increase in FE rices to Aussie FE producers will take care of the $5 per tonne benefication costs ::)))

I agree that the BRM story isnt about finding anymore FE its clearly now about infrastructure.

This what we do have.

- Huge proven resource

- CAs with chinese groups to purchase FE.

- Enough capital raised if shareholders aprove on 7th of July to develop stage one(2 mtpa).

All we need now is port and rail which BHP said dont bother us if you dont have all of the above.

The ball is now in BHPs court as we do have everything except for the train

cheers