BCI 4.00% 24.0¢ bci minerals limited

Carnegie's a bad deal, page-7

  1. 467 Posts.
    lightbulb Created with Sketch. 22
    So to literally summarise your post

    - the $1.5m spent on the SS produced the least detailed study you’ve read
    - the $3.5m they are about to spend on a PFS, covering 5 additional tenements, will provide a high level of detail
    - BCI can then bail on the JV and keep 40%, NOT 40% of KLL, but 40% of the JV they just bailed on

    Hmmmm..... I hope you aren’t BCI management!

    This is what KLL will do

    - they will drill the current program deeper
    - the other 5 tenements will be shallow tested (~1m)
    - the PFS will be performed over the current program (cheap)
    - they will expand the PFS to cover the other 5 tenements even though no work on it was done
    - it’s what they did at Beyondie

    Telling me to sell is being lazy. Telling management to pull their head in a do a better job is hard
 
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