I have followed the comments on this site very closely as I am new to hot copper but pretty close to BCI.
Wiser people than I can hopefully add to what I am seeing on site,
1. Drilling was completed about 3 weeks ago which is expected to confirm significantly more IO than previously announced to the market.
2. The road from BCI to FMG rail has been pegged and commencement of work to complete this is imminant. At its shortest point this road is only 15 km's to FMG.
3. There is a very large tonnage of DSO above or very near the surface with in 20km of the FMG rail line.
BCI and FMG have a "very close" relationship and the management of each company understand they will benefit from working together. FMG have an appreciation of how easy it will be for BCI to access their IO and transport it direct to their rail service that will provide surety in meeting their Chinese contracts.
From my experience in the North of WA the two biggest issues for all mining ventures are,
1. Extracting the mineral cheaply and efficiently.
2. Getting the product to their export markets.
BCI have both these points covered with the proximity and relationship with FMG and that the DSO is on or near the surface.
It appears to me to be a minimal cost site that will commence operation far sooner than people suspect.
I trust people with greater knowldege than I can add further points.
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