BRM 0.00% $2.53 brockman resources limited

high tomorrow, page-2

  1. 3,648 Posts.
    Can't agree with this.

    BRM closed at $3.20 (amazing!) but its MC is now just $270m (up from $91m). With beneficiated IO of at least 500mt, thats worth at least $1b+ at $2/t(!) - which is ridiculous by hey, lets be conservative! Therefore:

    $1b/(lets say, 75m shares) = sp of around $13.

    Given that there's probably 2-3 years before production, that would say half the sp - so $6+ is probably not that far off.

    So, as we are not there yet, tomorrow should be Ok.
 
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