I enjoyed reading the latest Qty report - all good news.
$100M in the bank which does not include a 234,000t shipment which left on 29 March!
I am surprised the market has been so slow in reacting to the news (only +9c so far) - but it is Monday, I suppose:-)
I also didn't realise that the transport prepayment was being paid off over a year (till 2nd Qtr FY2014) - this will help offset the falling IO price over the next few months.
I was hoping for more news on "Project Inventory" - especially the cost of benefication and the estimated percentage recovery of the 2Mt (and growing) stockpile.
The last nugget of good news was:
"....a new discovery of CID mineralisation with rock chip sampling of 49 samples across 4 prospects and a highest value of 60.58% Fe."
This and the benefication program could be a real game changer for BCI if they can extend the mine's life substantially!!
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24.5¢ |
Change
0.005(2.08%) |
Mkt cap ! $706.7M |
Open | High | Low | Value | Volume |
24.5¢ | 25.0¢ | 24.0¢ | $198.5K | 812.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 44912 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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25.0¢ | 377190 | 3 |
View Market Depth
No. | Vol. | Price($) |
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1 | 25000 | 0.240 |
7 | 219661 | 0.235 |
20 | 280433 | 0.230 |
4 | 169966 | 0.225 |
12 | 309380 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 377190 | 3 |
0.255 | 143921 | 2 |
0.260 | 19663 | 2 |
0.265 | 100000 | 1 |
0.270 | 146470 | 5 |
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