Ann: Updated Mineral Resources and Ore Reserves, page-18

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SuperWealthy

7,140 Posts.

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20/10/17

15:56

Post #: 28071288
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Originally posted by macssharesforfun ↑

orewealth, i think its purely a realisation that Bci's 'resurrection' is still a way off (imo, mid next year...), and that there are better immediate growth opportunities elsewhere.

Frustration & lack of patience would also be contributing factors.

For those prepared to ride it out, I believe Bci are building the foundation blocks for a more diversified and much stronger co in the years to come. Consider some of these -

* IV - Min to ramp up output and potentially utilise BOSS for further efficiency gains,
* Potential for increased IO reserves via new Minerolgy tenements,
* Buckland - strengthening towards a compelling business case by increasing tonnage (incl blending) &
* CPE - development plan to multi user/multi commodity port facility,
* Mardie Salt PFS,
* Carnegie (SOP) JV to be developed with KLL doing a lot of the initial development heavy lifting,
* New tenements for opportunities in Gold/Base Metals exploration.

So the plans are obviously in place, its just going to take some time to 'get there'.

As a longterm investor, i think the future is now quite sound & secure for Bci, but i can certainly understand why some holders would think "sell now and come back later...". All imo of course.

Regardless, i'm still buying on the dips.

GLTAH.

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As usual agree 100% with your comments Mac, grateful to have you on the BCI forum as I believe you're the most knowledgeable bloke on BCI that we have at our disposal.

BCI Price at posting: 15.5¢ Sentiment: None Disclosure: Held
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