Fully diluted is NOT listed trading volume NOR Top 20 .
I think most of the options have to be paid for - sure at a discount, but cash to the co all the same .
If you honestly feel comfortable in thinking BRM is fairly priced to consolidate at only 28 cents per tonne on my calcs or 34 cents per tonne on your calcs then I fear BRM will never reach fair value . Probably be taken over by FMG or RIO at $1 per tonne inground . The only saving grace is that the TOP 20 increased their holding, most not selling one share .
BRM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held