BCI 4.08% 25.5¢ bci minerals limited

Ann: Quarterly Activities Report, page-10

  1. 472 Posts.
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    Because there was no reason for this to go to ~ 22c in the first place (which I didn't mind too much, I used the opportunity to top-up).

    Yesterday's quarterly just reminded some buyers that BCI has $200+M cash, no debt, steady income from MIN, and not great but still Ok progress with Mardi construction.

    And maybe someone noticed wording in yesterday's update - "...ongoing Iron Valley royalty earnings and potential asset sales...".

    If MIN is keen to buy out Iron Valley, Mardi could be completed without need for more funding.

    Imagine BCI being a debt-free money-printing machine from salt+potash.
    Last edited by JBoo: 29/07/22
 
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