Some numbers based on those figures.
DMA 190 tonnes 57% fe - Mk Cap $21mil
BRM 419 tonnes 61% fe - Mk Cap $614mil
Location is pretty much the same place so that isn't really a variation factor.
Based on these figures alone DMA should be valued at around 30% to 40% the value of BRM.
30% equates to about $184mil (mkt cap), which is a share price of $2.11
Obviously there are other factors seperating the 2 companies. But I don't think these differences equate to a 9 times higher market cap for BRM.
In the current IO market DMA is grossly under valued.... this will be realised soon enough.
But will the market revalue it before another IO company comes through and snap it up?
the next brm?, page-30
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