Ann: Mardie Project Update, page-11

@Jenkstar, if peeps are currently buying BCI for an increase in the IO price, they need their heads examined......

FMG, certainly, yes. But not BCI - clearly they have no idea of BCI's IO earn rate.......

BCI need the 58% fe price to be around US$120pt to make any half decent 'annual' earn out of IV. And then there is the issue of MIN's 'go slow' on IV - BCI would ideally like 6mtpa production where as MIN are currently only averaging 4-4.5mtpa....

IMO this will be BCI's near-term fate re SP - as each Mardie box is ticked the SP will increase a couple of points and then hover until the next box is ticked - all the while Mardie will continue to grow, albeit slower than we would like in the current environment......

Welcome to 'long-term' investing......!!!

Mind you, if its good enough for Aus Super.......

GLTAH.