Ann: NAIF Approval of A$450M Loan for the Mardie Project, page-106

Sinical
I would not downplay your expectations just because a HC poster puts down your Prediction.

some points to consider:

BCI has approx 600 million shares of which nearly 50% is held by 2 major shareholder.

Last time I looked BCI had over 6000 individual shareholders, most left over from BCI’s iron ore specific days. Most of those shareholders still dream of BCI being iron ore focused. They don’t know much about the salt or SOP product.

BCI’s future is salt and potash NOT iron ore.

there has NEVER been a sea salt specific company ever listed on the ASX. Most people don’t look beyond salt as being the stuff in a container on the dinner table.

The clever investors such as super funds, management institutions and long long term investors will sweat on picking up BCI shares as soon as all the agreements, approvals and other speed gulps are removed. When those issues are sorted and mining titles are issued your $1 will come quickly.

Todays sellers are part of that 6000 plus people who think salt is a silly future. The buyers are those who want to be in a stock that will deliver cap gain whilst paying reliable dividends for 200 years.

I anticipate BCI shares will become rear gold. Sellers sell for various reasons but buyer today are in the main long term holders picking up cheap shares.

The shares available will reduce markedly very soon and as they do the sp will go beyond $1.

my expectation is in the years ahead RIO, BHP, Mitsui, K& S of Germany and others (FMG maybe) will fight to own this long long term project.

The issues I have spoken of are delaying
BCI’s progression for the time being. Surely the WA government will step up and help BCI deal with gas producers soon or don’t they have the balls.

I expect to grow my holdings in BCI as the bunnies take short term positions in this magnificent Mardie Project. If they knew what awaits them after the current issues are resolved there would be no sellers.