BCI 4.00% 24.0¢ bci minerals limited

Carnegie's a bad deal, page-2

  1. 467 Posts.
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    Below is a comparison showing the resource size (as best as I can determine) for a few potash explorers

    BCI/KLL (Carnegie) 0.88 Mt @ 11.715kg/m3
    KLL (Beyondie) 20.76 Mt @ 13-14 kg/m3
    RWD (LD) 153 Mt SOP @ 11.35 kg/m3
    AMN (LM) 21.2 Mt SOP @ 8.1 kg/m3

    The lake (Lake Wells) directly south of Carnegie is held by So4 and you have to question why they didn't extend their tenement holdings north. The exploration target for Lake Wells is between 9Mt and 29Mt @ ~8kg/m3

    And BCI are going to spend $10.5m just to own 50%. It just seems like a bad deal

    We'll have to wait and see what they do or discover in the future
 
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