Sadly, BCI's announcement on its cost reduction does not make me feel confident at all. Their all-in cash cost is stated as $54-$61/t FOB (presumably aussie dollars). The CFR (shipping cost) will be at least US$10/t. At a FOREX of 83c, that means their delivered costs is US$55 - 62/t. Current iron spot price is about US$68/t. BCI only get around 80% of spot because of their low grade, so revenue is only US$54/t.
They need to lower their costs a hell of a lot more before the SP stops sliding!
I hold and am worried.
- Forums
- ASX - By Stock
- BCI
- A free iron ore business anyone
A free iron ore business anyone, page-11
-
- There are more pages in this discussion • 11 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
24.5¢ |
Change
-0.010(3.92%) |
Mkt cap ! $721.1M |
Open | High | Low | Value | Volume |
25.5¢ | 25.5¢ | 24.5¢ | $163.9K | 643.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 68712 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 65865 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 68771 | 0.245 |
5 | 850514 | 0.240 |
3 | 93963 | 0.235 |
12 | 515252 | 0.230 |
9 | 354763 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 65865 | 3 |
0.260 | 158934 | 5 |
0.265 | 80000 | 2 |
0.270 | 48572 | 4 |
0.275 | 3600 | 1 |
Last trade - 12.10pm 15/07/2024 (20 minute delay) ? |
Featured News
BCI (ASX) Chart |