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Brockman Resources Ltd (BRM.ASX)
Brockman Resources’ (BRM) Marillana project in W.A. contains 1.4b tonnes of iron ore. BRM has ~$100m in cash, no debt and a Mkt. Cap. of ~ $160m. Despite the infrastructure hurdles, we don’t believe the current share price reflects the current progress of the project.
We have a BUY on BRM. PT $3.20/sh.
For further information or to obtain this Talking Point, please contact Kevin Curran +612 9993 8167.
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