BRM - Brockman Resources
- Thread starter Crash
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Sorry to mislead fed23, alphatrader is certainly correct here.
Expecting more than 550 million tonne of final product Haematitic ore (DSO). This is a very large resource and will be mined for a long long time.
Perhaps read Pattersons report if you have not already done so - here is the link.
http://www.brockman.com.au/pdf/reports/broker_reports/PatersonsSecurities9May08.pdf
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Expecting more than 550 million tonne of final product Haematitic ore (DSO). This is a very large resource and will be mined for a long long time.
Yes I agree, but the standout concern with the Philbra Juniors is infrastructure. I am looking for the next FMG along with everyone else but tend to baulk at the enormity of task these guys face to get rail access and once that is achieved in all probability face bottlenecks of the like the east coast coalminers have had to endure. I am holding SRK FRS GIR and a good reply from you Grace will see me add BRM
Cheers
Yes I agree, but the standout concern with the Philbra Juniors is infrastructure. I am looking for the next FMG along with everyone else but tend to baulk at the enormity of task these guys face to get rail access and once that is achieved in all probability face bottlenecks of the like the east coast coalminers have had to endure. I am holding SRK FRS GIR and a good reply from you Grace will see me add BRM
Cheersfed23 said:
To be pedantic, and to clarify.. DSO means "direct shipping ore" - means that it is high enough grade to be dug up, put on a ship, and sent to wherever. No processing undertaken, other than crushing and screening process.
Brockman's 550mT is *after* beneficiation process (I believe Brockman is considering a flotation process), so it's not strictly DSO. There will be extra costs in getting it to that state. The final product may be "DSO equivelent", but it's not DSO.
DSO involves very little processing costs, and is pretty much raw iron ore that can go straight into a blast furnace, and hence is the "holy grail" of iron ore.
Some good general iron ore information in here: http://www.mtgibsoniron.com.au/uplo...- Final Email Version - reduced file size.pdf
It's a couple of years old, but still valid information.
Here is Pattersons report on some of the junior iron ore explorers. I note that they like BRM. I think they have been a bit harsh on FRS (I hold). FRS have been drilling up some nice high grades, and the project will be quite large.....sorry for that bit of advertising! I'll get back on track now!
http://www.minesite.com/fileadmin/c...s_June/Pilbara_Iron_Ore_Developers_170608.pdf
http://www.minesite.com/fileadmin/c...s_June/Pilbara_Iron_Ore_Developers_170608.pdf
found it
Australia's Brockman says China firms seek stakes
SYDNEY, June 25 (Reuters) - Chinese steel mills are seeking to buy an equity stake in Australian iron ore prospector Brockman Resources Ltd (BRM.AX
BROCKMAN RESC25 June,200825/06/2008 16:23 Sydney, Australia.
Value Change % Change
2.650 +0.060 +2.320%
Company overview
Real-time quote
BRM.AX , 2.650, +0.060, +2.320%), Managing Director Wayne Richards said on Wednesday, adding that his firm was open to an approach.
Brockman has signed seven confidentiality agreements with Chinese groups over supplying ore, though no deals have yet been reached, Richards told Reuters in an interview.
The mills were smaller private-sector enterprises and were interested in investing in Brockman to secure future iron ore shipments, Richards said.
"In due course we will assess and make the determination whether we require equity positions in conjunction with off-takes or whether we solely build and fund our projects all the way through and just keep it very clean," Richards said. (Reporting by James Regan, editing by Mark Bendeich)
Australia's Brockman says China firms seek stakes
SYDNEY, June 25 (Reuters) - Chinese steel mills are seeking to buy an equity stake in Australian iron ore prospector Brockman Resources Ltd (BRM.AX
BROCKMAN RESC25 June,200825/06/2008 16:23 Sydney, Australia.
Value Change % Change
2.650 +0.060 +2.320%
Company overview
Real-time quote
BRM.AX , 2.650, +0.060, +2.320%), Managing Director Wayne Richards said on Wednesday, adding that his firm was open to an approach.
Brockman has signed seven confidentiality agreements with Chinese groups over supplying ore, though no deals have yet been reached, Richards told Reuters in an interview.
The mills were smaller private-sector enterprises and were interested in investing in Brockman to secure future iron ore shipments, Richards said.
"In due course we will assess and make the determination whether we require equity positions in conjunction with off-takes or whether we solely build and fund our projects all the way through and just keep it very clean," Richards said. (Reporting by James Regan, editing by Mark Bendeich)
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It really is no new news, we have heard this news before and until something is confirmed on it wont help much.
Yeah it's a bit of a rehash of old news. Attention also seems to be focussed on CNP, AFG, ABS today too ... all up strongly.
Actually it has a potential $11billion in EXTRA revenue. If you believe WR the economics on this are huge. Doesn't look like the market has fully grasped it .. or they just don't believe it.
Actually it has a potential $11billion in EXTRA revenue. If you believe WR the economics on this are huge. Doesn't look like the market has fully grasped it .. or they just don't believe it.
Thanks Mozart, I didn't do the homework and look it up. Thought it might have been $11 billion extra, but the wording was a bit confusing (for me anyway). Thanks Grace.
No worries Grace. Doesn't look like the market agrees with WR ATM. If so the SP would not be where it is. An off-take agreement incorporating the Detrital resource might change all that however
Placement at $2.50, current price $2 (or less). Getting smashed. Will do some MC calcs when I get a chance, but it must be 30c/tonne for the 680 million tonne, and then BRM have plenty of cash too!
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OMG
Whats happening to BRM???
Sub $2!
I think its down to the global economic wobbles.
What do you guys think?
Either way its not good for us shareholders
Whats happening to BRM???
Sub $2!
I think its down to the global economic wobbles.
What do you guys think?
Either way its not good for us shareholders
Short term holders this is definitely not looking good. Long term I cant say this is to bad if anything it is good. Alot of Long termers might of missed out and bought this just after it hit $3 dollars or when. So being able to accumulate this would be a treat. Shame i have no spare cash. There are a few Iron Juniors/ Soon be Producers that are looking extremely cheap again
DSO = direct shipping operation
50 million tonnes DSO = dig it up and ship it out
500 million tonnes after beneficiation = 1.05billion tonnes will need treatment before shipping 500million tonnes out
Like everything this has been slaughtered too.
