As I see things, 4 "planets are lining up" to create conditions to push the SP over the magical $4 barrier.
1)Spot IO prices over $156
2)Possible divie ann coming up soon
3)Probable ann of big increase in reserves
4)Clarification on the future of lower grade ore & cost of benefication.
____
The potential cash generation of BCI is phenomenal:
It is HIGHLY improbable but just think IF the IO prices remained above $150 for a whole year....
$150 - $50(costs) x 6M tons x 75% = $450 MILLION
More than the entire Market Cap - in ONE year !!
(We all know that the above will never happen but even if we achieve HALF of the $450M - debt free & a big divie is possible!)
question without notice, page-3
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Mkt cap ! $908.9M | |||
| Open | High | Low | Value | Volume |
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