I think management need to think about this project before spending any more of our money. Either dump it or negotiate a larger ownership if they believe it will prove up a larger resource.
We've spent $1.5m on scoping study phase (see point 1 below), and about to spend $3.5m on a PFS ONLY to end up with 50% by DFS!!! Thats a lot of money for a tiny project: 0.88 Mt SOP @ 3,466 mg/L K
1. Stage 1 - BCI earned 30% interest by sole funding the $1.5M Scoping Study Phase
2. Stage 2 - BCI can elect to earn a further 10% interest by sole funding a further $3.5M Pre-Feasibility Study Phase
3. Stage 3 - BCI can elect to earn a further 10% interest by sole-funding a further $5.5M Feasibility Study Phase
4. By end of the Feasibility Study the CJV would have an ownership of 50% KLL and 50% BCI
- Forums
- ASX - By Stock
- BCI
- Carnegie's a bad deal
Carnegie's a bad deal
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BCI (ASX) to my watchlist
(20min delay)
|
|||||
Last
24.0¢ |
Change
0.005(2.13%) |
Mkt cap ! $692.3M |
Open | High | Low | Value | Volume |
23.5¢ | 24.0¢ | 23.5¢ | $34.83K | 146.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 141378 | 23.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.0¢ | 24040 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 141378 | 0.235 |
17 | 288254 | 0.230 |
5 | 100192 | 0.225 |
12 | 292471 | 0.220 |
1 | 4000 | 0.215 |
Price($) | Vol. | No. |
---|---|---|
0.240 | 24040 | 2 |
0.245 | 28231 | 3 |
0.250 | 21000 | 2 |
0.255 | 77988 | 3 |
0.260 | 422765 | 5 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
BCI (ASX) Chart |