BCI 0.00% 24.0¢ bci minerals limited

I'm on record as saying I don't believe it will be restarted,...

  1. 2,989 Posts.
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    I'm on record as saying I don't believe it will be restarted, breadwinner1.

    BCI spent quite a bit of their cash closing is down (to C&M stage anyway....) so i would think there would have to be a decent increase in the IO price in the short-term + a far greater outlook for the estimated cost p/t over the next few years. Some analysts still have io estimates at the around the same, some substantially less, than the current price, out until 2020.

    So my guess is that AV will be looking to do a deal with FMG for them to take it over and operate Nullagine, with some sort of royalty p/t paid back to Bci. I wouldn't imagine it would be much, but if they can get more from it than it costs them currently ($150k per month in costs was the figure recently advised) then it would be worthwhile doing a deal.

    Bci need time atm, so its a waiting game currently until API decide to make a start on the the WPIOP, which will bring Bucklands in to play.
 
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