You're not mistaken, it's a huge stack for $16 million market cap. Do you have access to the scheme of royalties for Iron Valley? I've never seen it reported.
I think the only cost of Iron Valley for BCI is the tenement lease fees (from memory) so when I mention BCI opex I mean the opex for the entire company - based on the recent qtrly the company appears easily funded by Iron Valley, with the cash in the bank it's looking secure right now.
They do have the upcoming royalty payments to consider, but if they can offload that low grade ore and keep things lean it should all be manageable.
BCI Price at posting:
9.1¢ Sentiment: Hold Disclosure: Held
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