umc, page-10

Hi Phillip

Yes we have plenty of short termers in BRM now, what i did like was the fact there were plenty of hands folded on the auction, 4 - 4:10pm, for BRM to finish nearly at the high tells me we are going alot higher tommorro, WR is doing presentations i beleive for the rest of the week, brokers will psuh this alot higher and the biggest reason is that we could well now blow MMX out of the water, seriously we have now moved up in the world in a big way, 550 MT of DSO is bloody as serious as it gets.

This is what the big boys BHP/RIO/FMG require before they will take you seriously, we have now had our first stage of Rerating, i always said for months that we will be $2 when the upgrade comes, i must have posted it 20 times, i think that we really could easily sit at $6 now, that still values our 550 million tonnes at about $1 per tonne.

BRM i think is like the sleepy giant that just got a jab in the ribs, wait until BRM stand up straight and get full value, we could jag $5 by the end of the week and we will still be cheap, we are no longer that little 50kg pip squeek, we are now a company that will get looked over by the enire investment community over the next 24 hrs, dont be surprised if BRM go $4 tommorro

The sky is now the limit, i just can not beleive how lucky all of the long term holders are, we have been blessed.

its all good mate!!!!!