Company out with specific plans to produce 5 to 10 mtpa of direct shipping grade iron ore. Thats on the back of some 42 mt of JORC deposit already.
Look - amazing thing about this stock is that its market cap is only just over $100 million fully diluted. (They have 84 million shares and options and the share price today is $1.33 - so there you go)
Near $2 billion company MGX is hoping to ramp up production from their present 6 MTPA. They have a proven 100 MT of ore - but thats spread over 3 different locations.
Should BRM market cap go to $300 million or shareprice of $3.50.......it would still be just a fraction of that of MGX (when in fact their profits/size of deposit may ultimely match each other - over time of course)
Strong upside here.
YML
unknown
Company out with specific plans to produce 5 to 10 mtpa of...
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