BCI 4.08% 23.5¢ bci minerals limited

Ann: Quarterly Activities Report, page-11

  1. 602 Posts.
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    The end game for many may be the dividend stream which may or may not be in the range of 5 cents per share. If you look at that compared to today's SP of 0.23 that is a 20% plus return a year ( compared to the price of the initial share). Now that is impressive in itself.

    Not only that but who really think the Sp will be $0.23 in a year or two time? Seriously it may be more like $0.40 - $0.50 before long and there are the big gains. By the time they reach steady state production ( and this might not be for 6-8 years) the share price would have to reflect the yearly earnings per share i.e relating to a reasonable P/E of 15 - 20 gives you a SP b/w $0.70- $0.90 this is conservatively speaking and does not reflect other income streams.

    So that being said, I'm happy to sit back and watch over the next 5- 10 years and enjoy a happy retirement as this may help that be a possibility.

    GLTAH.
 
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