2. Why has IO production stalled at Iron Valley and what is BCI doing about it?
From the last quarterly, yet another record low production number from MIN. So the last 5x Quarters have generated LESS than 1M tonnes, at a time when BCI needs the cash from IV the most.
Here is an extract from a Quarterly Report in 2021 where clearly, BCI was expecting annual production NOT to fall below 6mtpa (or the 'at the time' average 1.5mtpa per quarter = 6mtpa). As its plain to see, MIN are currently well below that figure. This was highlighted by myself and others back in Q3 CY2021 when MIN themselves forecast the decline of IV production at the expense of MIN's 'new', 100% owned mines in the Pilbara.
So in that time, what actions/discussions/requests/dialogue has been undertaken with MIN to request an increase in IO production from IV?
Once again, crickets from the company on this aspect.
GLTAH.
BCI Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
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