BCI 4.08% 25.5¢ bci minerals limited

A free iron ore business anyone

  1. 1,579 Posts.
    lightbulb Created with Sketch. 10
    Market Cap of $77m @39.5c compared to pro forma cash at 30 Sep of $78m (Cash less debt) equals an EV of $-1m.

    So effectively a free iron ore business.

    With FOB cash costs of A$ 64-70, wouldn't take much of an iron ore price bounce to make this a bargain.
 
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