BCI 1.92% 25.5¢ bci minerals limited

I enjoyed reading the latest Qty report - all good news. $100M...

  1. 1,097 Posts.
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    I enjoyed reading the latest Qty report - all good news.

    $100M in the bank which does not include a 234,000t shipment which left on 29 March!

    I am surprised the market has been so slow in reacting to the news (only +9c so far) - but it is Monday, I suppose:-)

    I also didn't realise that the transport prepayment was being paid off over a year (till 2nd Qtr FY2014) - this will help offset the falling IO price over the next few months.

    I was hoping for more news on "Project Inventory" - especially the cost of benefication and the estimated percentage recovery of the 2Mt (and growing) stockpile.

    The last nugget of good news was:
    "....a new discovery of CID mineralisation with rock chip sampling of 49 samples across 4 prospects and a highest value of 60.58% Fe."

    This and the benefication program could be a real game changer for BCI if they can extend the mine's life substantially!!
 
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Mkt cap ! $735.5M
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26.0¢ 26.0¢ 25.0¢ $91.11K 354.1K

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3 200997 25.5¢
 

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Price($) Vol. No.
26.0¢ 185944 4
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