With BRM valued at "only" $(-30M) any ideas on what it will take for the project to reach a value of $0? Even with the iron ore boom dead for now .. does anyone think they have a chance of getting to the lofty heights of a $0 EV in the next 6 months? .. or is the only way to achieve that to continue to burn through the cash until they have an operating mine in 2010 and no buyers for the Fe?
I'm thinking that the next surge in commodities won't happen until the end of next year (which bodes well for BRM) but am thinking that until then the SP is likely to bounce around "toxic waste" levels until most buyers start to believe in China again. If the $-30M level is to be maintained, we can probably expect a 10c SP sometime in September next year?
BRM Price at posting:
57.0¢ Sentiment: Buy Disclosure: Held
