Australian (ASX) Stock Market Forum

BRM - Brockman Resources

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1.1 bn fme dead

high grade stuff too!!

this compares to ARH, FMG levles

wow cant wait for it to open
 
The 1.1bn is 40-62% Fe

Probably key resource is 550mt hematite @ 57.5-59.5% Fe through beneficiation.

For a comparison midwest (MIS) is priced at $4.65 with less hematite resources currently, and twice the amount of shares on issue.

This is big..
 
Bought some more on open $1.99.

The market cap of this company was always low compared to others with the iron ore they had already found.

They say they didn't want to work at an MOU with FMG until they knew how much iron ore they had.

I guess with BHP's rail line running straight through it I can see why they might have some choices now.
 
gfresh said:
The 1.1bn is 40-62% Fe

Probably key resource is 550mt hematite @ 57.5-59.5% Fe through beneficiation.

For a comparison midwest (MIS) is priced at $4.65 with less hematite resources currently, and twice the amount of shares on issue.

This is big..
Click to expand...

not only that
next thing you will find is alot of chinese investors would be wanting a piece of the cake..

just wait and see
 
There resources have gone up from 47 million tonnes to 1.1 billion thats 23 times the previous jorc!
Can't help but think this share price has a little way to go:D
 
rico01 said:
There resources have gone up from 47 million tonnes to 1.1 billion thats 23 times the previous jorc!
Can't help but think this share price has a little way to go:D
Click to expand...

In my opinion, very good at these prices. This company has good management - an ex iron ore cheif from BHP. Cheap on $/tonne compared to other companies.

Does anyone know who has the tenements alongside this? Look at the maps in the announcement today. All ore along boundary.
 
Wow...
congratz to all the BRM holders :)

Looks like the winner for the march tipping contest has been decided :)
 
Young Trader, care to put your valuation skills to work on Brockman Resources? Compared to MMX and MIS, the current market cap seems very undervalued based on 1.1b JORC Fe. Even with todays jump.
 
totalinsanity83 said:
Currently trading at $2.30 up 103% be interesting to see where it stops.

Must be some happy traders on ASF today?
Click to expand...

Amongst all the doom and gloom of the financial stocks, BRM indeed stands out as a shining star. Glad I still kept some after selling a few as "Yilgarn" last year.:)
 
The other company that I think will come up with +1 billion tonnes is
GIR Giralia

Some located mid-west, Pilbara + north of Wiluna.
 
Notice with announcement material today that BRM timelines for 2009, if I can remember correctly, note 'proposal' to use BHP rail line. Third party infrastructure discussions seem advanced. Bring it all on. Nice to have this ray of sunshine amongst the recent gloom. Brought a second lot early January and dive with everything else, but the bacon has come home today.:)
 
grace said:
The other company that I think will come up with +1 billion tonnes is
GIR Giralia

Some located mid-west, Pilbara + north of Wiluna.
Click to expand...

Grace, any reason why you think GIR will come up with this magical sum?

I am interested when their drilling program begins (GIR), as to see an increase in SP on anticipation...but this should really be talked about on the GIR thread!
 
JTLP said:
Grace, any reason why you think GIR will come up with this magical sum?

I am interested when their drilling program begins (GIR), as to see an increase in SP on anticipation...but this should really be talked about on the GIR thread!
Click to expand...

Yes, should be on GIR thread and I have lots of postings there (sorry). They themselves have put a target on just one of their deposits of +1billion tonne (Earaheedy). Please visit GIR thread + asx announcements.

I have information on their drilling there too.
 
yeah i am happy as larry!

i think the other two to pay close attention to is:

GBG: ( i hold)
- 1bn + iron ore
- Ansteel Funded
- Produce in early 09

FRS: (don't hold would love to but no funds)
- resource estimate expected mid may
- lot of recent substantial holders of late

both iron ore..
 
Anyone worked out an IGV for this new resource, breaking it up by haematite and magnetite at current prices? Also, how's the depth of the deposit. The cover doesn't look to be too great? How's capex and opex likely to play out? Any opinions, thoughts, ideas? Can't really be comparing this to FMGs and the like without comparing some of these factors.
 
Sellers starting to dry up and having another run. I for one won't be putting in a sale order.
At 1.1billion tonne MC could be in the order of $1.1 billion for only 1 dollar a tonne. Compared to peers, I have picked one of the lowest bases...

MC of $1.1 billion

Shares on issue 80.4 million.

That is $13 per share. Just looking for options outstanding though.....where can I find these?

I would appreciate feedback......even challengers to this. I don't like rampers, so I don't want to become one myself!
 
i get the feeling that the chinese have got the news and are accumulating right at this moment hence the price movement..

just my opinion though

edit - look at it this way, they have more than MMX and MIS.. both of which r $4 +
 

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