BRM brockman resources limited
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Heh Matt just borrowing your valuation on the SDL...

  1. Mozart56
    9,439 Posts.
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    24/10/11
    11:12
    Post #: 9180649
    Heh Matt just borrowing your valuation on the SDL thread:

    -------------------
    Brazilian Ferrous: 4.6 Bt @ 33% Fe = approx. 1.52 Billion tonnes of Fe --> BHP will pay $6 billion = $3.94 per tonne.

    Ferrous also needs to build own rail and port.

    --------------------
    -so on Marillana alone that would make

    450MT at 61% Fe x $3.94 = $1.773B or $12.31 per share... and unlike Ferrous BHP have a rail line that runs over the top of it.

    Thoughts?
    BRM Price at posting: $1.67 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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