BCI 1.89% 27.0¢ bci minerals limited

Nullagine Joint Venture cost guidance for remainder of FY15 is...

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    Nullagine Joint Venture cost guidance for remainder of FY15 is $54-61/wmt (FOB) all-in cash costs.

    Net cash position was $70m.

    Price achieved during the quarter for Bonnie Fines was US$61/dmt compared to the average price of Platts 62%FE of $74/dmt. So Bonnie fines sold per dmt at 82% of the 62%FE price.

    BCI always reports costs per wet metric tonne which is how the product is shipped, but always reports prices achieved in terms of $US/dry metric tonne.

    I still don't know how to convert a tonne of shipped wmt to the dmt price and vice versa. Given where the price of iron ore is and given the cost/wmt guidance given it seems important to be able to work this out to determine where BCI are in terms of breaking even at current prices and costs.
 
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27.0¢
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27.0¢ 27.0¢ 26.5¢ $149.3K 557.7K

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7 131617 26.5¢
 

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27.0¢ 75453 1
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