What a lot of trot nobullnotOzzie.FMG has a considerable debt...

What a lot of trot nobullnotOzzie.

FMG has a considerable debt pile and to think that their motivation for selling an extra 25% of Nullagine to BCI for several hundred million dollars was solely to save their corporation is fanciful. There was definitely an element of mates luck here in that the relationship has been nursed so as to benefit all parties. It was not luck. It was a win win.

That BCI's SP has run up to a point where people are questioning where the growth is coming from is fair enough. So, lets look at the options:

Extend Nullagine mine life - drilling & finding
- beneficiation of low grade ore
Develop other prospects in Pilbara
Potential upside in the Cleveland JV
A lower $A increasing profits from production

I reckon you should be talking BCI up in the hope that they assist the likes of FMS in getting their stranded deposit on to a boat.

Also worth noting that with the cash rate at 2.5%, the attraction of stocks like BCI are quite obvious, particularly for those in a low tax environment when income is hard to come by.

BCI management speaks for itself.