FFR - Firefly Resources

tigerboi · 5 May 2008

Re: BMY - Brumby Resources

Research all done for me long time ago,now AGO says they will get 14mt out of pardoo,now look at brumby's pardoo-telyagel area & ask yourself how much will they scoop out of there?

IGO took 11% of BMY & have a very quiet confidence that those tenements contain.... IO tonnage...

highway bisects BMY tenements,MD has said io will go by conveyer to the coast,so transport taken care of...ago will be running quads to port headland...very expensive...tb..

tigerboi · 15 May 2008

Re: BMY - Brumby Resources

Brumby once again testing 20c float price,interesting to note in the latest quarter that the tenement granted now links up telyagel to goldsworthy...

drilling results for francess furness due out soon

gravity survey over telyagel underway..tb,now 0.205..news must be soon on the frances furness grades...

On 14 February 2008
an additional tenement E45/2965 covering 542.1 square kilometres was granted, which has
significantly added to the Company’s land holding in this area and has resulted in this new
tenement and the Pardoo and Telyagel tenements becoming contiguous.

...

Schedule of Activities
The Company is targeting an ongoing exploration programme with the following activities
scheduled over the next six month period.
* Finalise heritage survey on the Pardoo East Project and submit POW application for drilling.
* Drilling of the two Pardoo East iron ore targets.
* Follow up drilling on the Goldsworthy Project to better assess the extent of magnetite
mineralization.
* Undertake gravity survey over Telyagel iron ore targets, which is scheduled for May
* Assess Brilliant Well Project VTEM survey results once finalized and assess for drilling.
* Review Frances Furness second phase drilling assay results and assess whether to exercise
option to purchase.
* Assess Bootu Creek final HEM survey interpretation and field mapping and sampling results
with a view to developing a drilling programme and obtaining statutory approvals for first
phase drilling towards the end of 2008.
* Open file data collection and assessment on the McArthur River tenements.

agro · 15 May 2008

Re: BMY - Brumby Resources

i recall seeing one broker on sky business suggest that BMY was next to AGO and was a good spec buy

i consider 23cents on 1 million volume a breakout

thoughts?

YOUNG_TRADER · 15 May 2008

Re: BMY - Brumby Resources

hmmm didn't think this one would have interest for awhile, but there you go interest

Yes they have some amazing grounds and look to be an excellent Fe Spec play

High risk because nothing proven ... yet

But amazing rewards too

My kinda play

tigerboi · 15 May 2008

Re: BMY - Brumby Resources

tigerboi said:
Research all done for me long time ago,now AGO says they will get 14mt out of pardoo,now look at brumby's pardoo-telyagel area & ask yourself how much will they scoop out of there?

IGO took 11% of BMY & have a very quiet confidence that those tenements contain.... IO tonnage...

highway bisects BMY tenements,MD has said io will go by conveyer to the coast,so transport taken care of...ago will be running quads to port headland...very expensive...tb..

Heres my thoughts previous agro...brumby yes a risk & aint proven up yet but ill put any money you like they get way way more out of pardoo than AGO does..AGO has a target of 14mt all by quads,bmy are set to drill their huge pardoo bifs in the 2nd half this year...go look at the last quarter figure 3...tb

agro · 16 May 2008

Re: BMY - Brumby Resources

up 30% today

something cooking? results maybe?

again good volume pushing the price higher

thoughts?!

chrissyoscar · 16 May 2008

Re: BMY - Brumby Resources

Thanks guys, I love this site.
I spotted this stock yesterday and after looking at all the positives and the low entry price I jumped on board.
I own some Atlas Iron (AGO) and love what's happening there.
Brumby is smack right in the middle of Atlas and BHP and looks promosing.
I grabbed some of the options so if it takes of I'll exercise them, if not well that's life.
Thanks everyone for all the helpful posts.

Oscar

tigerboi · 16 May 2008

Re: BMY - Brumby Resources

The gold grades out of frances furness are in the lab waiting to come out,if you go to the last years results you will see the huge grades out there,the other gold project at brilliant well has just had a vtem done & it sits surrounded by finds of 5m,3m,2m,2m oz,also i understand a neighbour is drilling nearby one of their tenements...all good but

The biggie is goldsworthy & the IO targets at pardoo...IGO believe the strike to be humungous...tonnage out of goldsworthy alone...lots...tb

Romeo75 · 16 May 2008

Re: BMY - Brumby Resources

Could someone please explain to a complete novice what the difference between buying BMY & BMYO is???

tigerboi · 16 May 2008

Re: BMY - Brumby Resources

Bmyo are the 15c january 2010 oppies,if you go back a few pages you will see this topic covered in great details,bmy have been trading previously at a 40% discount to bmyo.there should be a 15c difference..tb

go the bmy as bmyo in its first 4 weeks of trading seemed way too dear..

Romeo75 · 16 May 2008

Re: BMY - Brumby Resources

Thank you very much Tigerboi I will go back & do some research...this site is awesome I have so much to learn...

AstroGirl · 19 May 2008

Re: BMY - Brumby Resources

Hi guys, yeah been following BMY for awhile, they have some excellent tenements.

As tigerboi notes transport is a major cost for IO startups, so Brumby are in a better postion than most.

Tigerboi is the gravity survey over Telyagel due out by end of May ?

tigerboi · 19 May 2008

Re: BMY - Brumby Resources

AstroGirl said:
Hi guys, yeah been following BMY for awhile, they have some excellent tenements.

As tigerboi notes transport is a major cost for IO startups, so Brumby are in a better postion than most.

Tigerboi is the gravity survey over Telyagel due out by end of May ?

Correct..survey is happening atm so give it around another 3-4 weeks,interesting to see what it reveals as that ground that far north & so close to the coast has never been explored..heres hoping for a continuation of the bifs with pardoo(thats what the company believes)

One thing ive noticed with this little gallop is knuckleheads trying to trade this,thinking they are clever...this is a buy & put in the bottom draw stock.& i dont expect it to go much higher than 20-25c until they have drilled out pardoo which expects to start in the 2nd half..

Now with the gold bmy is going to get a few hundred thousand oz out of frances furness & brilliant well,good money spinner for brumby.

The main focus is on goldsworthy,pardoo/telyagel..once all the drilling is completed then we will see a nice bit of support,but i suspect we will see a few sell it lower as they become impatient,bmy has only been listed 18 months & its the next 18 months that is the key..

1.drilling/exploration

2.capital investment,there will be chinese interests once pardoo has been drilled,in the curent market were there is a scramble to obtain supply it would be hard not see any chinese interest,considering the potential size of the resource,brilliant transport options,plus the chance of a vertically intergrated miner with a resource of manganese as well..hard not to like but still a way off yet.

for me i wouldnt think of selling as i like them for the real long term...tb

dogwithflees1983 · 20 May 2008

Re: BMY - Brumby Resources

Great post Tiger!

I also get frustrated with people selling off the stock just because they are getting impatient. As you stated BMY has only been listed for 18months!!
People should take a leaf out of warren buffet's, he takes a 3-5yr view on stocks....so if we can just incorporate a little bif of buffet wisdom and take a 1-2yr stance, i think our profits would all be a lot higher!

YOUNG_TRADER · 20 May 2008

Re: BMY - Brumby Resources

In the Greenfields mineral EXPLORATION game its all about location location location, since Greenfields = never been explored its best to pick areas surrounded by toher discoveries which is exactly what BMY have done,

Their costal Pilbara grounds are in Elephant counrty and their manganese grounds near OMH are also based on nearology,

This is a definate bottom draw play for me, I will give it at least 9months to unfold

tigerboi · 20 May 2008

Re: BMY - Brumby Resources

Location has always been the key as to why i like brumby also as YT points out the unexplored greenfields next to the majors with big discoveries nearby(what you got there is a very astute team.),the difference in transports costs for say CFE & midwest GBG,MMX is 16%+,CFE 4%,GBG 20%...that is a very telling margin,personally i wouldnt go near a midwest stock with somebody elses money...

Everyone is rushing to pt headland but while its a free port atm,fmg will more or less have alot of it to themselves..my proposed 4th force need to start thinking outside the square..

Been crunching a few of rios io figures on their rail capaity at the present 200mtpa(i will post the full info on the io transport thread) & the looming IO transport bottleneck i speak of....rio has a train movement every 25 minutes!

Now think of brumby cruising along up there at pardoo/telyagel & goldsworthy.along with cfe & arh they have the best position in the io hunt.

tigerboi · 20 May 2008

Re:Brumby & Helideck!both can gallop fast...

tigerboi said:
Location has always been the key as to why i like brumby also as YT points out the unexplored greenfields next to the majors with big discoveries nearby(what you got there is a very astute team.),the difference in transports costs for say CFE & midwest GBG,MMX is 16%+,CFE 4%,GBG 20%...that is a very telling margin,personally i wouldnt go near a midwest stock with somebody elses money...

Everyone is rushing to pt headland but while its a free port atm,fmg will more or less have alot of it to themselves..my proposed 4th force need to start thinking outside the square..

Been crunching a few of rios io figures on their rail capaity at the present 200mtpa(i will post the full info on the io transport thread) & the looming IO transport bottleneck i speak of....rio has a train movement every 25 minutes!

Now think of brumby cruising along up there at pardoo/telyagel & goldsworthy.along with cfe & arh they have the best position in the io hunt.

Sorry trendsetters not allowed to say buy this or that stock,unlike my tips where you get 16/1 baggers..no probs...

So dont buy it as i want to get a crap load more for less than 20c(am i allowed to say that?)also whoever is sending the oppies up to silly prices could you stop that as well?thanks....

go the blues...tb

Brumby & Helideck

chrissyoscar · 20 May 2008

Re: Brumby & Helideck!both can gallop fast...

tigerboi said:
also whoever is sending the oppies up to silly prices could you stop that as well?thanks...

That'll be me, I would have bought normal shares but the oppies allowed me to buy more now.
I pay a premium but that's fine.

rob · 22 May 2008

Re: BMY - Brumby Resources

so pleased i found this site. great advice tiger have been watching BMY for a while just bought me some FMG and BMY just a novice and looking forward from hearing from anyone who can help thanks alot.

tigerboi · 22 May 2008

Re:SO IT WAS YOU BUYING THE 10C OPPIES

chrissyoscar said:
That'll be me, I would have bought normal shares but the oppies allowed me to buy more now.
I pay a premium but that's fine.

Thats a premium of 66%....mmm

uhh it was you paying 10c for a 6c oppie,well while we all twiddle our thumbs waiting for all the drilling to start & finish on the IO projects i can see a retrace to the low teens again as the impatient punters who bought around the 23c-28c get nervous & panic(i rode it to 36c & back to about 11.5c)

Guess who will be ready to pounce on the panic merchants??

sub 20c the float price is good value as they have made solid progress in the last 6 months but the proof is always in the pudding...drilling..tb

Brumby north of AGO at pardoo(AGO 14 mt of dso io)

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