In opinion: Another reason why BCI shares should be in excess of...

In opinion:
Another reason why BCI shares should be in excess of 30c per share (double) and that is not even scratching the surface of a stock still well undervalued. What on earth is the market thinking? That IO and commodities are doomed forever? I don't think so... It seems many local Aussie miners are priced that way which is ridiculous.

The market has got it completely wrong with regards to the IO recovery and it's forecasts. At a time when property in australia is totally overpriced and about to deflate as mortgage defaults and car loan repossessions increase as rates no doubt will rise and debt becomes unmanageable, Crypto currency values are in a galaxy far far away, and US tech stocks MCs are due to come back to reality of earnings. Miners look to be earning cash cows as costs are at lows as global demand increases and supply balances.

This LT commodity bull market cycle recovery started when the multiyear commodity bear market ended in April 2016 and is only getting started. Chinas IO demand for Aussie ore is firm, Indias imports of IO is building as it ramps up smart cities, housing for all and infrastructure, US plans to build a better America which is well overdue and global growth increases out of a historical financial crisis. DYOR.. Where do you think big money is going to move to? Aussie miner cash cows and BCI is well placed..... Simple as that.....