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

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!!