Nah, we've got to stop focusing on the shareprice . It is the market cap that reflects value . At $3 the company was only valued at $240 million - If we value 550 Million tonnes of iron ore inground at less than 50 cents per tonne then fair enough, but it is worth much more, and there is no reason why BRM should be priced as a penny dreadful when it clearly has $5-10 per tonne inground all over it .
Currently 550 million tonnes of Iron Ore is being valued at 28 cents per tonne inground . Get real .
BRM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held