Notwithstanding WN's attempts to destroy value, BRM is still one...

Notwithstanding WN's attempts to destroy value, BRM is still one of the cheapest Fe plays out there.

Currently trading at circa $1/T for a resource worth $180/T on Marillana alone, and you throw in another 39 tenements as icing.

Unfortunately WN seem intent on diluting themselves into oblivion which makes it difficult to realise full value.

You'd think a rail deal might make it worth at least $5/T and that would propel BRM to a price of $15/share. Can't see WN assisting here before it owns 100%. The conflicting strategies, confusion and general appearance of imcompetence could all be part of strategy to dupe shareholders into selling their shares on the cheap.