Braemore Resources - Nickel on the Cheap

Pretty certain now the seller is YE related so will hopefully be out of the way soon. If we look at the Independence situation, if this is to float for about $40 million- and lets assume they raise the full $15million commitment for investment as per Mintek agreement, that implies a retained value of around $25 million for BRR, or around £12.5 million, which given BRR's current mkt cap is a pretty useful addition in value. The fact that there are now 2 separate projects also significantly improves the risk profile. All very satisfactory IMHO, now we just need the share price to take account of this!!!