BRM WNI

re: Ann: Waiver of 80% minimum acceptance con... "I think its...

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  1. Mozart56
    9,438 Posts.
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    12/03/12
    23:12
    Post #: 9827891
    re: Ann: Waiver of 80% minimum acceptance con... "I think its more about securing the Iron Ore for longer term supply to China. 10, 20, 30+ yr time line."

    ... and pay BHP and RIO et al ludicrous prices in interim?

    If China had a choice they would want to mine it themselves.

    I agree they are working to a 50 year time line, but this kind of long drawn out process doesn't help anyone.
    BRM Price at posting: $2.31 Sentiment: None Disclosure: Held
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