BRM - Brockman Resources

[Stimpy]

This latest announcement is huge.

Given that screening can upgrade by up to 20% I think they might already have their 100MT - if not they can't be far off. Iron continues pretty much all the way along the tenement's southern boundary. They haven't even touched the gravity anomalies in the eastern part of the tenement yet.

Now the question is how much will screening cost?

Disclaimer - I'm a cartoon cat, DYOR!

 

[Mozart56]

This latest announcement is huge.

Given that screening can upgrade by up to 20% I think they might already have their 100MT - if not they can't be far off. Iron continues pretty much all the way along the tenement's southern boundary. They haven't even touched the gravity anomalies in the eastern part of the tenement yet.

Now the question is how much will screening cost?

Disclaimer - I'm a cartoon cat, DYOR!

The screening will be cost-neutral. WR mentioned this at the AGM. What this does however is significantly reduce the cost of mining as effectively removing the overburden is "free"

 

[Stimpy]

The screening will be cost-neutral.

Which means that much more of the channel iron will be profitable, even where the thickness wouldn't previously have justified removing the overburden. That is a lot of extra area and a lot of extra tonnes!

Disclaimer - I'm a cartoon cat, DYOR!

 

[Mozart56]

Which means that much more of the channel iron will be profitable, even where the thickness wouldn't previously have justified removing the overburden. That is a lot of extra area and a lot of extra tonnes!

Disclaimer - I'm a cartoon cat, DYOR!

Suggest that they haven't calculated the new resource levels yet as to not draw shareholder wrath over the giveaway placement price. Looks like there will be a lot more than 100MT on the deposit now though doesn't it? Anyone care to estimate just how much they have now?

 

[vine]

Hi guys, very new to trading so I really appreciate the depth of knowledge that you guys freely share with all us who are not so knowledgeable in these areas. I have been following all the discussion on BRM and got some shares at 1.14 so I'm hoping these shares are on the way up. Thanks

 

[Stimpy]

Suggest that they haven't calculated the new resource levels yet as to not draw shareholder wrath over the giveaway placement price. Looks like there will be a lot more than 100MT on the deposit now though doesn't it? Anyone care to estimate just how much they have now?

Assuming that there is detrital material covering all of the DSO - that's a pretty big assumption by the way - and assuming detrital material starts at 10m depth, with an average thickness of 25m, and with 50% recovery, then:

NW Sector - 43MT DSO. About another 28MT recoverable in the overburden (area of NW Sector 750,000m2).

Rockhole Bore - nowhere near enough drilling results yet but say there is one channel of (average) 1000m x 1000m x 10m depth gives another 30MT channel iron with another 37.5MT recoverable in the overburden. This is very rough and it looks like the channel iron would require screening too.

We're looking at around 70MT DSO plus another 65MT recoverable (cost neutral).

That's without Abalone or the Eastern Prospects or considering regions of low thickness mineralisation.

In my humble opinion the next upgrade will be memorable.

Disclaimer - I'm a cartoon cat, DYOR!

 

[Crash]

Yep todays announcement/letter to shareholders pretty much confirms that the total Fe will be up. But really nothing new.

The rail deal surely is the critical factor here - if that comes off things should really rocket. Until then drift, drift, drift.

 

[Mozart56]

Yep todays announcement/letter to shareholders pretty much confirms that the total Fe will be up. But really nothing new.

The rail deal surely is the critical factor here - if that comes off things should really rocket. Until then drift, drift, drift.

Well it shows the first ortho view of duck creek which looks very prospective. It also tells us more about the detrital stuff which looks very good also. Long term hold will reap benefits IMHO ..

 

[shinobi346]

Yep todays announcement/letter to shareholders pretty much confirms that the total Fe will be up. But really nothing new.

The rail deal surely is the critical factor here - if that comes off things should really rocket. Until then drift, drift, drift.

I was expecting this drop since this puts it at around the same price as the recent exclusive placement to some company.

Good to see some timeline on when YML plans to things up and running.

 

[Crash]

I would expect the price to jump up a little today on the back of the Fin Review list. Most times it is the case when something is written on this stock, and with the small numbers on offer for sale we should see a rise.

 

[Sean K]

I would expect the price to jump up a little today on the back of the Fin Review list. Most times it is the case when something is written on this stock, and with the small numbers on offer for sale we should see a rise.

Wanna put a beer on that crash? Market's going down 2% today and very little will be spared except if a takeover is announced of something.

I drink VB.

 

[Crash]

Fair points kennas, set to follow the US tumble of Friday. Guess I will just have to hope this is a small green island in a sea of red. I only bet on sure things, and I will take your experienced opinion over mine any day.

If I ever bump into you down Brunswick St (that's where you hang out isn't it?) I will buy you a beer anyway.

 

[grace]

Fair points kennas, set to follow the US tumble of Friday. Guess I will just have to hope this is a small green island in a sea of red. I only bet on sure things, and I will take your experienced opinion over mine any day.

If I ever bump into you down Brunswick St (that's where you hang out isn't it?) I will buy you a beer anyway.

mmmm....he owes you a beer after all! Make sure you pick something expensive! Up over 4% today..............

 

[Sean K]

mmmm....he owes you a beer after all! Make sure you pick something expensive! Up over 4% today..............

Yep, Crash, PM me your address and I'll send you some Cusquena, or Inca Cola if you don't drink. Very good to have a rise on such a day. See of red for me.

 

[tronic72]

Yep, Crash, PM me your address and I'll send you some Cusquena, or Inca Cola if you don't drink. Very good to have a rise on such a day. See of red for me.

Wanna put a beer on that crash? Market's going down 2% today and very little will be spared except if a takeover is announced of something.

I drink VB.

Well called Kennas.

 

[Crash]

Yep, Crash, PM me your address and I'll send you some Cusquena, or Inca Cola if you don't drink. Very good to have a rise on such a day. See of red for me.

I think if you read what I wrote, I wasnt taking on the bet as enticing as those Sth American brews sound! Am glad it kept up my faith that the price of this company is easily affected by media write ups (even if it took all day to finish in the green!).

 

[Crash]

Announcement out about upgrading rubbish on top of the CID. They are confident they can get a useful product from it and there is a resource upgrade to be announced in Feb being prepared. Hopefully the madness will have settled out by then.

 

[rico01]

It's good to see this company quietly going along doing there business and continually upgrading the resorces they have, even in these rough times. I turned from a trader of this stock to long term holder.

 

[Mozart56]

It's good to see this company quietly going along doing there business and continually upgrading the resorces they have, even in these rough times. I turned from a trader of this stock to long term holder.

Now fallen 53% from November highs. Anyone see an end to this or will BRM be sucked down the drain that is the market like many other specs?

 

[Crash]

Quarterly activities report out - lots in there, not necessarily much new. Looking forward to the resource upgrade for Marillana and the estimates from the drill results on Rock Hole Bore and Abalone. Nice to see on pg 13 the mine setup with the little rail loop on the BHP line!