It's not as if BHP/RIO is the only option.
FMG has signalled that there rail is available to 3rd parties.
So BRM has a back-up option if the majors aren't forced to share.....the FMG option is what was used in broker reports for valuations, and stacked up well.
Even trucking to Port Headland is an option, in a worst case scenario.
Another thought: Even though BHP/RIO have billions of tons of ore, wouldn't they be interested in grabbing BRM for say $5 a share?
This would give BHP another billion tonnes (which is what BRM will probably end up with?) for a piffling 50c a ton.
That's probably cheaper than there costs for finding ore themselves.
And they could claim they are supporting the juniors by buying them up.
Is this plausible?
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It's not as if BHP/RIO is the only option.FMG has signalled that...
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