I think we are a few weeks away from it, Iron Ore has been trending up a lot so has steel, we are in for a decent bounce.
My understanding is that BCI does not pay any costs relating to the Iron Valley. They fall under MIN's cash costs. At the current prices they should be receiving 10mil EBIT pa. If im not mistaken, on a 15mil market cap thats a lot..
BCI Price at posting:
9.4¢ Sentiment: None Disclosure: Held
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