What is interesting is the fact that share value of BRM with a...

What is interesting is the fact that share value of BRM with a successful T/O somewhere around 2.50. If the T/O isn't successful then realistically the SP can only go up, either through progress of the mine itself or through a higher T/O offer.

Yet the SP continues to trade below it's that value. To buy right now seems a win win situation (or am I being Naive).

Reminds me of the time when BRM was trading at 60c when the cash in bank was worth 90c per share. Crazy times i guess.