Cash flow is positive.
Iron Valley is a source of cash flow, which depends on production and IO price. Production is planned to expend according to MIN, double to be exact. IO price goes up and down on a daily basis, but in long term it should slowly increase.
Administration is the only ongoing cash outflow, which in my opinion is high for the type of company BCI is.
Intermittent cash outflows occur for investments like the recent purchase of land for $9M.
In terms of cash at hand, they had $36 million at the end of last quarter. I believe that IV will bring around $9M after high administration costs and given that they spent $9 million on new land I estimate that cash on hand will be around $36M at the end of this quarter as well.
SP, page-26
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