answer to post on fms thread about bci, page-16

To question the markets perception of BCI management's competence is reasonable in my opinion. There has certainly been some luck in the evolution (but hey, everybody needs some of that)..

Now, before you bite my head off, ask yourself this question.

What is the current mine-life of the Nullagine JV?

What are the average annual cash flows, and how many years of that could a shareholder reasonably expect?

Now take a look at the BCI market cap and try to look two years forward.

What will the market (likely) value the company at in two years time if they have not either A). made a discovery or B). Purchased a development project, or C). Seen the Iron ore price trade higher than current prices??

Whilst the pressure is not yet on management - in time it will emerge, and at that time, the true calibre of current management will come to the forefront...